Aggregated price index with volume information
- Broadcasting stocks down 0.3% on average while median return down 0.2% in a day
- Broadcasting stocks up 0.3% on average while median return up -1.1% in a week
- Broadcasting stocks down 9.1% on average while median return down 9.0% 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 $CMLS 8.3%, $SGA 0.4%
- 1M losers are : Losers for past month are $BBGI -13.7%, $GTN -15.7%, $IHRT -16.2%, $SSP -29.3%, $TV -34.1%
- 1W winners are : Winners for past week are $FENG 15.3%, $SIRI 12.2%, $CMLS 9.0%, $EVC 3.1%, $SGA 3.1%
- 1W losers are : Losers for past week are $SBGI -3.0%, $TSQ -3.4%, $TV -5.6%, $IHRT -9.2%, $SSP -9.6%
Index correlation analysis
Correlation for the past month is 25.7%, for the past 3 months is 20.3%
In the past month for a 5 days rolling window, the highest corrrelation is 41.1%, the lowest correlation is -2.6%, the latest correlation is 20.3%
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 99.4% between FOX and FOXA
The lowest correlation is -32.9% between FENG and TSQ
Fox News, part of Fox Corp.'s $14 billion conservative news empire, is one slice of Lachlan Murdoch's billion-dollar dynastic fortune.
TYSONS, Va., September 29, 2023--TEGNA has named Kristie Gonzales president and general manager at WXIA-TV and WATL-TV in Atlanta.
NEW YORK, September 29, 2023--iHeartMedia will celebrate the holiday season across the nation with its annual "iHeartRadio Jingle Ball Tour Presented by Capital One" – the season's iconic live music event, which captures the music and holiday spirit on iHeartRadio stations across America and the iHeartRadio app with performances by this year’s biggest artists including Olivia Rodrigo, Usher, Nicki Minaj, SZA, Niall Horan, OneRepublic, AJR, Sabrina Carpenter, Miguel, Jelly Roll, Big Time Rush, NC
Boards are turning less often to the CEOs of other companies when filling seats, but have pulled back from bringing in women and racial minorities.
Townsquare Media Inc (NYSE:TSQ) recently announced a dividend of $0.19 per share, payable on 2023-11-01, with the ex-dividend date set for 2023-09-29. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's deep dive into Townsquare Media Inc's dividend performance and assess its sustainability.
NEW YORK, September 28, 2023--FOX Business Network’s (FBN) Democracy 24: FOX Business Republican Primary Debate was the most-watched program in linear television, digital and streaming last night, averaging 9.5 million viewers and nearly 2 million in A25-54 on FOX News Channel (FNC), FBN and UNIVISION, according to data from Nielsen Media Research.
TYSONS, Va., September 28, 2023--TEGNA's WWL-TV received a News Emmy® for Outstanding Regional News Story: Investigative Report for "The Man Behind the Warehouse."
Scripps News, the nation's only 24/7 broadcast news network available over the air, has won its first national News Emmy Award with its documentary news series, "In Real Life."
In the latest trading session, Nexstar Broadcasting Group (NXST) closed at $139.81, marking a +1.9% move from the previous day.
GROSSE POINTE FARMS, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on November 3, 2023, to shareholders of record on October 11, 2023. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.5 million. The quarterly dividend will be fund