Aggregated price index with volume information
Summary:
- Casinos (except Casino Hotels) stocks up 1.4% on average while median return up 1.2% in a day
- Casinos (except Casino Hotels) stocks up 3.9% on average while median return up 3.2% in a week
- Casinos (except Casino Hotels) stocks up 4.8% on average while median return up 4.2% 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 $CNTY 16.4%, $FLL 12.6%, $ACEL 12.1%, $MGM 11.0%, $DKNG 9.3%
- 1M losers are : Losers for past month are $GDEN -0.3%, $WYNN -0.9%, $LVS -3.6%, $IGT -13.6%, $MLCO -13.8%
- 1W winners are : Winners for past week are $FLL 22.2%, $CNTY 10.3%, $RRR 5.8%, $MGM 4.5%, $BYD 4.2%
- 1W losers are : Losers for past week are $ACEL -1.3%, $DKNG -2.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.5%, for the past 3 months is 33.4%
In the past month for a 5 days rolling window, the highest corrrelation is 53.9%, the lowest correlation is 15.9%, the latest correlation is 33.7%
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 90.3% between LVS and WYNN
The lowest correlation is -42.6% between ACEL and MLCO
Shares of slot machine and terminal operator Accel Entertainment (NYSE:ACEL) jumped 8.3% in the morning session after the company reported fourth-quarter results that blew past analysts' EPS expectations. Revenue and adjusted EBITDA also outperformed Wall Street's estimates. No financial guidance was given in the earnings release, so it is hard to tell the company's outlook for near-term financial performance. However, the company continued to expand to new locations and grow the number of gamin
Accel's (ACEL) fourth-quarter 2023 results reflect growth in the number of locations and gaming terminals, contributing to the top-line growth. Also, its focus on the local gaming market bodes well.
Accel Entertainment, Inc. (NYSE:ACEL) Q4 2023 Earnings Call Transcript February 28, 2024 Accel Entertainment, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, everyone. Thank you for attending today’s Accel Entertainment Q4 and 2023 Earnings Call. My name is […]
Q4 2023 Accel Entertainment Inc Earnings Call
Expansion and Stock Repurchase Highlight Accel's Strategic Growth
Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) announced better-than-expected results in Q4 FY2023, with revenue up 6.8% year on year to $297.1 million.
CHICAGO, February 28, 2024--Accel Entertainment, Inc. (NYSE: ACEL) today announced certain financial and operating results for the three-months and year ended December 31, 2023.