Aggregated price index
Aggregated price index with volume information
- Black-Owned Company stocks down 5.7% on average while median return down 5.4% in a day
- Black-Owned Company stocks up 3.0% on average while median return up 5.1% in a week
- Black-Owned Company stocks up 22.5% on average while median return up 17.2% 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 $BYFC 22.9%, $UONE 18.2%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $AMS 5.7%, $CARV 5.1%
- 1W losers are : Losers for past week are $UONE -3.9%
Index correlation analysis
Correlation for the past month is 32.7%, for the past 3 months is 25.7%
In the past month for a 5 days rolling window, the highest corrrelation is 62.2%, the lowest correlation is -18.8%, the latest correlation is 21.6%
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 70.7% between RLJ and UONE
The lowest correlation is -17.5% between AMS and BYFC
RLJ Lodging Trust Sets Dates for Fourth Quarter and Full Year 2020 Earnings Release and Conference Call
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RLJ Lodging Trust shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 82.
Urban One, Inc. ("Urban One" or the "Company") (NASDAQ: UONEK and UONE) today announced that it has priced an offering of $825.0 million in aggregate principal amount of its 7.375% senior secured notes due 2028 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will bear inte...
Moody's Investors Service, ("Moody's") affirmed Urban One, Inc.'s ("Urban One") B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR) and assigned a B3 rating to the proposed $825 million senior secured notes. The outlook was changed to stable from negative.
Urban One, Inc. ("Urban One" or the "Company") (NASDAQ: UONEK and UONE) today announced preliminary estimated financial results for the fourth quarter and full year ended December 31, 2020.
Urban One, Inc. ("Urban One" or the "Company") (NASDAQ: UONEK and UONE) today announced that it has launched an offering of $825 million in aggregate principal amount of senior secured notes due 2028 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes will initially be guaranteed on a senior secured basis by certain of the Company's direct and indirect restricted subsidiaries, and secure...