Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Broadcasting stocks up 1.4% on average while median return up 1.2% in a day
- Broadcasting stocks up 6.1% on average while median return up 4.6% in a week
- Broadcasting stocks up 19.9% on average while median return up 17.0% 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 $IHRT 67.6%, $SSP 47.5%, $SIRI 37.8%, $GTN 31.4%, $SBGI 26.6%
- 1M losers are : Losers for past month are $SGA -1.0%, $UONEK -5.0%, $TV -19.2%
- 1W winners are : Winners for past week are $IHRT 27.6%, $SSP 19.2%, $GTN 14.5%, $SBGI 10.6%, $SIRI 9.4%
- 1W losers are : Losers for past week are $FENG -6.6%, $TV -7.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.6%, for the past 3 months is 21.0%
In the past month for a 5 days rolling window, the highest corrrelation is 45.7%, the lowest correlation is -0.9%, the latest correlation is 28.0%
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 97.5% between FOX and FOXA
The lowest correlation is -21.3% between SGA and SIRI
Fox Corporation (Nasdaq: FOXA, FOX) will discuss fourth quarter and full year financial results for the 2024 fiscal year ended June 30, 2024, via a live audio webcast beginning at 8:00 a.m. ET / 5:00 a.m. PT on August 6, 2024.
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The new Rock Entertainment Sports Network will be the 24/7 home of local Ohio sports, including the Cleveland Monsters, Cleveland Charge, St. Edward High School and Lake Erie Crushers Programming CLEVELAND, July 25, 2024 (GLOBE NEWSWIRE) -- Rock Entertainment Group (REG), the umbrella entity that houses Dan Gilbert’s sports and entertainment properties under the ROCK Family of Companies, and Gray Media (“Gray”) (NYSE: GTN), owner of WOIO and WUAB in Cleveland and WXIX in Cincinnati, have reached
We have narrowed our search to five low-beta (beta >0 <1) stocks with a solid dividend yield. These are: FNV, FOX, IBKR, PKG, RGA.
Court documents show Murdoch wants to give more voting rights to his conservative son, and CEO of Fox, Lachlan.
Murdoch is trying to expand Lachlan Murdoch’s voting power in the Murdoch Family Trust to secure a majority and ensure that he cannot be challenged by the siblings, the report said, citing a sealed court document. The Reno, Nevada-based family trust holds the family's shares in Murdoch's vast collection of television networks and newspapers through the companies News Corp and Fox Corp.
NEW YORK, July 24, 2024--Katherine Moran Meeks has been named General Counsel of FOX News Media, announced Suzanne Scott, its CEO. Meeks will begin her new role on August 19th, while Bernard T. Gugar has stepped down from his position as General Counsel and Executive Vice President of Corporate Development. Meeks will report directly to Scott with further reporting responsibilities to Fox Corporation’s Chief Legal and Policy Officer Adam Ciongoli.