Aggregated price index with volume information
Summary:
- Esports stocks down 0.1% on average while median return down -0.2% in a day
- Esports stocks down 3.9% on average while median return down 5.4% in a week
- Esports stocks down 4.4% on average while median return down 3.1% 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 $SE 0.6%
- 1M losers are : Losers for past month are $HERO -6.6%
- 1W winners are : Winners for past week are $SE 1.1%
- 1W losers are : Losers for past week are $TTWO -7.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 10.7%, for the past 3 months is 16.5%
In the past month for a 5 days rolling window, the highest corrrelation is 34.2%, the lowest correlation is -12.6%, the latest correlation is 9.1%
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 57.5% between HERO and TTWO
The lowest correlation is -34.0% between NERD and SE
In the most recent trading session, Sea Limited Sponsored ADR (SE) closed at $55.63, indicating a -1.33% shift from the previous trading day.
Sea Limited (SE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Sea Limited (SE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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