Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Cable/Satellite TV stocks up 7.9% on average while median return up 4.6% in a day
- Cable/Satellite TV stocks up 5.8% on average while median return up 3.3% in a week
- Cable/Satellite TV stocks up 12.1% on average while median return up 11.5% 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 $CHTR 26.1%, $LBRDK 22.2%, $LBRDA 20.5%, $AMCX 13.5%, $LILAK 12.1%
- 1M losers are : Losers for past month are $NFLX -6.8%, $ATUS -14.5%
- 1W winners are : Winners for past week are $CHTR 14.8%, $LBRDK 13.9%, $LBRDA 13.4%, $CABO 10.4%, $LBTYK 3.9%
- 1W losers are : Losers for past week are $NFLX -0.3%, $ATUS -0.6%, $CMCSA -1.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.5%, for the past 3 months is 21.5%
In the past month for a 5 days rolling window, the highest corrrelation is 44.6%, the lowest correlation is 0.4%, the latest correlation is 44.6%
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 99.7% between LBRDA and LBRDK
The lowest correlation is -35.6% between LILAK and NFLX
Shares of Charter Communications (CHTR) are rallying on better-than-expected sales growth in its second quarter. Market Domination Hosts Julie Hyman and Josh Lipton break down Charter's earnings results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
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Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR) jumped 17.6% in the afternoon session after the company reported second-quarter earnings results. Charter beat analysts' total internet customers and adjusted EBITDA expectations. Free cash flow also improved significantly (came in at $1.3B) and was above analysts' estimates. Overall, this was a really good quarter that should please shareholders.
The broadband provider topped estimates in its second quarter.
Charter Communications Quarterly Results Top Views on Residential Mobile Strength; Shares Jump Intraday
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Charter Communications’ shares surged after the cable company’s quarterly sales topped Wall Street’s estimates. Shares jumped 16% to $365.87, putting them on pace for their largest percentage increase on record. The stock was recently the top performer in the Nasdaq 100 and third -best performer in the S&P 500.