Aggregated price index with volume information
Summary:
- Digital Entertainment stocks up 0.7% on average while median return up 0.5% in a day
- Digital Entertainment stocks down 4.5% on average while median return down 5.2% in a week
- Digital Entertainment stocks down 2.4% on average while median return down 2.8% 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 $SOHU 11.8%, $IQ 6.1%, $SE 0.6%, $XNET 0.3%
- 1M losers are : Losers for past month are $GRVY -5.9%, $BILI -6.4%, $FUBO -7.9%, $NTES -12.3%
- 1W winners are : Winners for past week are $SE 1.1%
- 1W losers are : Losers for past week are $SOHU -5.6%, $FUBO -6.0%, $GRVY -7.1%, $BILI -9.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 25.0%, for the past 3 months is 21.7%
In the past month for a 5 days rolling window, the highest corrrelation is 47.7%, the lowest correlation is -3.1%, the latest correlation is 47.7%
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 68.1% between GRVY and IQ
The lowest correlation is -24.3% between FUBO and GIGM
We feel now is a pretty good time to analyse fuboTV Inc.'s ( NYSE:FUBO ) business as it appears the company may be on...
Generally speaking, undervalued stocks under $5 should be avoided. Yeah, I know that’s not exactly the catchiest tagline to offer. Let me explain. If you believe that the market represents the culmination at that moment of all available public information, then nothing really is under or overvalued. Securities are priced exactly where they should be given the information at hand. However, the thesis behind bargain ideas – particularly undervalued stocks under $5 – is that it’s practically imposs
NEW YORK, April 11, 2024--FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that it will issue financial results for the first quarter 2024 before the market opens on May 3, 2024.
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today we are looking at the media stocks, starting with fuboTV (NYSE:FUBO).
On March 30, iQIYI, an innovative market-leading online entertainment service in China, announced the launch of its 2024 'Art Films' series. This latest series features titles that have triumphed at prestigious film festivals globally, offering home viewers an easy access to world-renowned art films.
Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NetEase, Inc. ( NASDAQ:NTES ) shareholders might be concerned after seeing the share price drop 12% in the last month...
For bold investors, there are few opportunities as exciting as chasing 10x returns in the stock market. Make no mistake about it, the stock market offers up multiple opportunities to turn $1 into $10 quickly. Investors should dedicate a relatively small amount of their portfolio toward chasing such gains. Even then, aggressive stocks to 10X returns should be reserved for only the bold. Experienced investors with a high risk tolerance may dedicate as much as 25% of their portfolio toward such eff
Chinese video-sharing platform Bilibili has restructured its content units and is doubling down on the live-streaming business, as the US and Hong Kong-listed company struggles to make a profit. Bilibili recently revamped its major operations department and separated multiple live streaming-related units, forming a new live-streaming centre, while also ramping up commercialisation of its content creator and video gaming businesses, according to a report by Chinese media LatePost. The company als
As the Chinese economy continues to rebound, investors are searching for the best Chinese stocks to buy in April. Despite recent geopolitical tensions, China remains a powerhouse of economic activity. Many Chinese companies stand at the forefront of innovation in technology, e-commerce and green energy. Further, the Chinese economy is poised to perform well in 2024, buoyed by an increase in mobility and activity following the lifting of pandemic restrictions. And, this rebound is anticipated to