Aggregated price index with volume information
Summary:
- Advertising/Marketing Services stocks up 0.3% on average while median return up 0.4% in a day
- Advertising/Marketing Services stocks up 0.2% on average while median return up 3.7% in a week
- Advertising/Marketing Services stocks down 3.9% on average while median return down 3.4% 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 $WPP 7.9%, $ADV 7.8%, $THRY 5.1%, $QNST 3.9%, $CNET 3.0%
- 1M losers are : Losers for past month are $HHS -5.5%, $CCO -7.7%, $IBEX -9.8%, $MGNI -12.1%, $ICLK -33.2%
- 1W winners are : Winners for past week are $QNST 7.4%, $ADV 7.3%, $MGNI 6.1%, $WPP 5.2%, $THRY 5.0%
- 1W losers are : Losers for past week are $CNET -10.0%, $ICLK -32.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.4%, for the past 3 months is 15.5%
In the past month for a 5 days rolling window, the highest corrrelation is 39.9%, the lowest correlation is -0.5%, the latest correlation is -0.5%
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 80.2% between IPG and OMC
The lowest correlation is -50.0% between QUOT and WPP
Growing tensions in the Middle East have clouded growth prospects for the advertising group, which in February flagged that the Israel-Hamas conflict would impact its business. Interpublic - which also owns McCann, Mediabrands and MullenLowe - reported revenue of $2.18 billion for the first quarter, in line with market expectations according to LSEG data. Revenue from its "all other markets" segment, which includes Canada, Africa and the Middle East, fell 6.5% in the quarter, while Asia-Pacifi...
Interpublic's (IPG) first-quarter 2024 total revenues decrease year over year.
Insight into IPG's Financial Performance and Strategic Moves
The headline numbers for Interpublic (IPG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
New York, NY, April 24, 2024 (GLOBE NEWSWIRE) -- Total revenue, including billable expenses, was $2.50 billion Revenue before billable expenses (“net revenue”) was $2.18 billion, an increase of 0.3% from a year ago, with organic increase of 1.3% Net income was $110.4 million as reported Adjusted EBITA before restructuring charges was $205.5 million with 9.4% margin on net revenue, in seasonally small first quarter Diluted EPS was $0.29 as reported and was $0.36 as adjusted Philippe Krakowsky, CE
Fiserv's (FI) first-quarter 2024 revenues for Merchant acceptance and Financial solutions rise y/y, beating our estimates.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Interpublic (IPG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
NEW YORK, April 22, 2024--IPG Mediabrands, the media holding company within Interpublic Group (NYSE: IPG) announced today the launch of the Climate Action Accelerator Program. This initiative aims to empower our clients and media partners with turnkey sustainability solutions rooted in science-informed action. Across the globe, climate responses and disclosure regulations are rapidly evolving. The advertising industry – via the World Federation of Advertisers Global Alliance on Responsible Media