Aggregated price index
Aggregated price index with volume information
- Casinos/Gaming stocks up 2.8% on average while median return up 1.5% in a day
- Casinos/Gaming stocks up 2.4% on average while median return up -0.0% in a week
- Casinos/Gaming stocks up 25.3% on average while median return up 13.1% 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 $WBAI 408.5%, $ELYS 114.1%, $PENN 43.0%, $IGT 23.3%, $BYD 20.8%
- 1M losers are : Losers for past month are $WYNN -1.8%, $LVS -1.9%, $MLCO -8.0%, $MSC -16.2%
- 1W winners are : Winners for past week are $PENN 21.6%, $WBAI 13.7%, $ELYS 12.9%, $CNTY 12.8%, $BALY 7.1%
- 1W losers are : Losers for past week are $CPHC -2.1%, $SGMS -2.9%, $LVS -4.2%, $MLCO -8.9%, $GRVY -10.3%
Index correlation analysis
Correlation for the past month is 30.4%, for the past 3 months is 24.5%
In the past month for a 5 days rolling window, the highest corrrelation is 56.2%, the lowest correlation is 12.0%, the latest correlation is 12.0%
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 80.7% between MGM and WYNN
The lowest correlation is -58.6% between MCRI and MSC
In the latest trading session, Bank of America (BAC) closed at $33.66, marking a +1.78% move from the previous day.
Bank of America (BAC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Bank of America are higher Tuesday after analysts at Citi raised their rating on the banking giant to neutral from sell and increased their price target to $37 from $31. Bank of America shares at last check rose 2.2% to $33.80. Bank of America "is also more levered to consumer, which we think will perform better this credit cycle given the stimulus programs," analyst Keith Horowitz said.
As the second-largest U.S. bank, with $2.6 trillion in assets, Bank of America (NYSE: BAC) suffered along with the rest of the industry as the economy sputtered last year, and its stock fell almost 15% for the year. This is what investors can expect from Bank of America in the coming year. Bank of America ended the third quarter with $4.9 billion in net income, a 15% decrease from 2019.
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