Aggregated price index with volume information
Summary:
- Radio Networks stocks up 3.3% on average while median return up 2.1% in a day
- Radio Networks stocks down 1.4% on average while median return down 0.1% in a week
- Radio Networks stocks up 0.1% on average while median return up -5.5% 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 $UONE 9.8%, $TSQ 8.0%, $SGA 1.1%
- 1M losers are : Losers for past month are $TV -5.7%, $SSP -7.0%, $UONEK -11.7%, $AMCX -16.9%, $CMLS -18.5%
- 1W winners are : Winners for past week are $SSP 12.2%, $UONE 6.3%, $SGA 4.4%, $AMCX 3.2%, $TGNA 1.6%
- 1W losers are : Losers for past week are $TSQ -3.2%, $CMLS -4.2%, $UONEK -9.8%, $IHRT -12.8%, $TV -13.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 22.3%, for the past 3 months is 19.2%
In the past month for a 5 days rolling window, the highest corrrelation is 37.7%, the lowest correlation is -3.2%, the latest correlation is 24.2%
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 71.2% between AMCX and SSP
The lowest correlation is -19.1% between TSQ and UONEK
Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Monday, May 13, 2024.
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Tencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call Transcript March 19, 2024 Tencent Music Entertainment Group beats earnings expectations. Reported EPS is $1, expectations were $0.13. Tencent Music Entertainment Group isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Millicent Tu: […]
American Eagle Outfitters, JD.com, PDD Holdings, Air Lease and Tencent Music Entertainment have been highlighted in this Screen of The Week article.
TME vs. RELX: Which Stock Is the Better Value Option?
Here are five stocks, AEO, JD, PDD, AL and TME, which fit our screening criteria.
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq: AMCX) today announced that it has priced an offering of $875 million aggregate principal amount of 10.25% senior secured notes due 2029 (the “Notes”) in a private offering, which represents an increase of $175 million in aggregate principal amount of the Notes from the amount announced at the launch of the offering. The Notes will be unconditionally guaranteed, on a joint and several basis,
Earnings results often give us a good indication of what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Gray Television (NYSE:GTN) and its peers.
NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced today that it has given notice of its intention to redeem all of its outstanding 4.75% Senior Notes due 2025 (CUSIP Number 00164V AE3) (the “Notes”) on April 24, 2024 (the “Redemption Date”). If the condition to the redemption of the Notes described below is satisfied, the Notes will be redeemed at a redemption price of 100.000% of the principal amount of the Notes plus accrued and unpaid inte
NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq: AMCX) today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of senior secured notes due 2029 (the “Notes”) in a private offering. The Notes will be unconditionally guaranteed, on a joint and several basis, by each of AMC Networks’ existing and future domestic subsidiaries, subject to certain exceptions, on a senior s