Aggregated price index with volume information
Summary:
- Cruise Line stocks up 3.0% on average while median return up 2.1% in a day
- Cruise Line stocks up 3.6% on average while median return up 3.1% in a week
- Cruise Line stocks up 22.4% on average while median return up 11.8% 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 $RCL 13.4%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $NCLH 5.7%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 74.6%, for the past 3 months is 76.7%
In the past month for a 5 days rolling window, the highest corrrelation is 96.3%, the lowest correlation is 66.6%, the latest correlation is 68.6%
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 84.2% between CCL and RCL
The lowest correlation is 58.8% between NCLH and RCL
Small caps lead the stock market's broad advance Wednesday, but Nvidia and other growth leaders retreated.
Carnival Cruise Wednesday missed revenue estimates despite record booking levels. Royal Caribbean trades in a buy zone.
CCL earnings call for the period ending December 31, 2023.
(Reuters) -Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year given persistent hostilities across the key shipping route. Even though 2024 is expected to be a record year for cruise travel, operators such as Carnival and rival Royal Caribbean are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal, the fastest sea route betwee...
Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings to the tune of up to $10 million.
Carnival Corp, said on Wednesday it will probably not be sailing through the Red Sea region, a key transit route connecting Asia and Europe, for the rest of this year and early next year given the continuation in hostilities. "We decided that it was time to recognize the fact that we probably won't be sailing there, and perhaps for the rest of this year and perhaps early in 2025 as well," CFO David Bernstein told Reuters in an interview.
Carnival is the first cruise line to note the potential impact of the tragic Francis Scott Key Bridge collapse on the industry. A key port will be temporarily unavailable.
Carnival's (CCL) first-quarter fiscal 2024 performance benefits from sustained demand strength and increased booking volumes at significantly higher prices.
Cruise stocks had a bumper 2023 as international travel demand boomed, but the waters have been choppier this year.
A little bit of seasickness is par for the course for cruise line investors–especially those owning the largest and most-indebted one, Carnival Corp. Its shares were recently edging higher, after falling earlier following the release of its results. Only Royal Caribbean has erased its pandemic losses, though, with the other two weighed down by debt.