Aggregated price index with volume information
Summary:
- Amusement and Theme Parks stocks up 1.1% on average while median return up 1.1% in a day
- Amusement and Theme Parks stocks down 0.7% on average while median return down 0.7% in a week
- Amusement and Theme Parks stocks down 9.2% on average while median return down 7.5% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $FUN -8.3%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $FUN -1.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 48.5%, for the past 3 months is 31.8%
In the past month for a 5 days rolling window, the highest corrrelation is 94.9%, the lowest correlation is -13.8%, the latest correlation is 94.9%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 80.8% between FUN and SIX
The lowest correlation is 28.7% between FUN and SEAS
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the leisure facilities stocks, including Planet Fitness (NYSE:PLNT) and its peers.
ARLINGTON, Texas, April 19, 2024--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release first quarter financial results before the market opens on Thursday, May 9, 2024. An investor conference call will follow beginning at 7:00 a.m. Central Time. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-833-629-0614 in the United States or 1-412-317-9257 outside the United States and requesting the Six Flags earni
ARLINGTON, Texas, April 18, 2024--Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "Six Flags," "we," "us" or "our"), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that the Company and its wholly-owned subsidiary, Six Flags Theme Parks Inc. ("SFTP"), as co-issuers, have priced $850 million aggregate principal amount of 6.625% Senior Secured Notes due 2032 (the "Notes") at an offering price of 100.000% of t
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q4, starting with Six Flags (NYSE:SIX).
Media Event scheduled for Wednesday morningAllentown, PA, April 17, 2024 (GLOBE NEWSWIRE) -- Northeast’s First Dive Coaster Ready to Thrill at Dorney Park & Wildwater Kingdom Preseason Preview Days Highlight First Month of Operation for Iron Menace (ALLENTOWN, PA) April 17, 2024 – Dorney Park & Wildwater Kingdom is diving into a new era of thrills with the official opening of the Northeast’s first dive roller coaster Iron Menace. Park officials will cut the ribbon for the ride this morning, befo
ARLINGTON, Texas, April 16, 2024--Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "Six Flags," "we," "us" or "our"), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that the Company and its wholly-owned subsidiary, Six Flags Theme Parks, Inc. ("SFTP"), intend to offer, as co-issuers, subject to market conditions and other factors, up to $850 million aggregate principal amount of Senior Secured Notes due 203
Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at United Parks & Resorts (NYSE:PRKS) and its peers.
Mid-cap stocks present an especially enticing narrative at junctures such as this, when it’s difficult to decipher the market’s trajectory. Stated differently, sometimes it’s best just to drive down the middle lane. Yes, large-capitalization enterprises offer (generally speaking) the most stability. That could be useful for conservative investors. However, for those seeking growth, the predictable nature of the big caps stymies upside potential. Of course, one could always go with the small-cap
SANDUSKY, Ohio, April 11, 2024--CEDAR FAIR ANNOUNCES CONDITIONAL FULL REDEMPTION OF ALL OUTSTANDING 5.500% NOTES DUE MAY 2025
SANDUSKY, Ohio, April 09, 2024--Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, said today it will issue its 2024 first-quarter financial results in the pre-market hours of Thursday, May 9, 2024.