Aggregated price index with volume information
Summary:
- Casino stocks up 1.5% on average while median return up 1.4% in a day
- Casino stocks up 0.1% on average while median return up -0.5% in a week
- Casino stocks down 1.0% on average while median return down 0.7% 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 $CNTY 16.9%, $FLL 5.7%, $CHDN 4.9%, $RRR 4.6%, $GLU 1.0%
- 1M losers are : Losers for past month are $MGM -3.6%, $MCRI -5.1%, $CZR -5.3%, $LVS -8.2%, $MLCO -10.1%
- 1W winners are : Winners for past week are $FLL 7.6%, $GLU 5.6%, $PENN 5.4%, $VICI 5.3%, $GDEN 2.4%
- 1W losers are : Losers for past week are $MCRI -1.3%, $RRR -1.5%, $BYD -1.6%, $LVS -8.9%, $MLCO -10.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.4%, for the past 3 months is 35.7%
In the past month for a 5 days rolling window, the highest corrrelation is 59.8%, the lowest correlation is 16.0%, the latest correlation is 59.2%
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 86.2% between BYD and MGM
The lowest correlation is -26.1% between BJK and CZR
WYOMISSING, Pa., April 23, 2024--PENN Entertainment, Inc. (Nasdaq: PENN)("PENN" or the "Company), North America’s leading provider of integrated entertainment, sports content and casino gaming experiences, published today its 2023 Corporate Social Responsibility ("CSR") report. The full report is available on the corporate responsibility page of the Company’s website.
In this article, we will take a look at the 10 fastest growing cities in Kentucky. If you want to skip our discussion on the state’s economy, you can go directly to the 5 Fastest Growing Cities in Kentucky. Kentucky is bordered by rivers along most of its boundaries, except for its southern border with […]
Caesars Entertainment (CZR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Churchill Downs (CHDN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Churchill Downs (CHDN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Monarch Casino & Resort, Inc.'s ( NASDAQ:MCRI ) investors are due to receive a payment of $0.30 per share on 15th of...
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) will be reporting earnings tomorrow after market close. Here's what you need to know.
Aaron LeBerge, the chief technology officer of Disney Entertainment and ESPN, is leaving the company to join Penn Entertainment (PENN). In a memo, LeBerge described the move as a "personal decision driven by the needs of my family." It comes as Disney (DIS) faces questions about who will succeed Bob Iger as CEO when his contract is up. In the video above, Yahoo Finance's Alexandra Canal and Josh Lipton discuss what's next for Disney. For more expert insight and the latest market action, click he...
WYOMISSING, Pa., April 22, 2024--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company") announced today that Aaron LaBerge has been named Chief Technology Officer ("CTO") effective July 1, 2024, subject to customary regulatory approvals. Mr. LaBerge will report directly to PENN CEO & President Jay Snowden.
Boyd Gaming's (BYD) first-quarter 2024 performance is likely to have benefited from robust visitation, new property openings and refurbishment of existing properties.