Aggregated price index with volume information
Summary:
- Advertising/Marketing Services stocks up 2.5% on average while median return up 2.2% in a day
- Advertising/Marketing Services stocks up 4.8% on average while median return up 2.1% in a week
- Advertising/Marketing Services stocks up 15.9% on average while median return up 10.5% 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 $ICLK 83.5%, $ADV 24.8%, $CCO 24.1%, $QNST 21.9%, $HHS 13.7%
- 1M losers are : Losers for past month are $TTD -5.4%
- 1W winners are : Winners for past week are $ICLK 46.1%, $THRY 8.0%, $IBEX 6.3%, $ADV 6.2%, $OMC 4.9%
- 1W losers are : Losers for past week are $CCO -1.8%, $MGNI -3.7%, $TTD -3.7%, $RAMP -5.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 25.7%, for the past 3 months is 13.2%
In the past month for a 5 days rolling window, the highest corrrelation is 46.2%, the lowest correlation is -3.1%, the latest correlation is 27.2%
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 80.1% between IPG and OMC
The lowest correlation is -63.4% between ICLK and RAMP
Management also plans to participate in the Canaccord Genuity Growth ConferenceST. LOUIS, July 26, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today that its second quarter financial results will be released at 7 a.m. ET on August 7, 2024, followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-800-267-6316, or for international callers, 1-203-518-9783. The conference ID is ADVQ2. Three hour
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Interpublic's (IPG) second-quarter 2024 total revenues increase year over year.
Although the revenue and EPS for Interpublic (IPG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.