Aggregated price index with volume information
Summary:
- Communications stocks up 0.8% on average while median return up 0.6% in a day
- Communications stocks up 1.0% on average while median return up 1.5% in a week
- Communications stocks down 3.5% on average while median return down 4.0% 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 $IRDM 19.3%, $TKC 18.2%, $GOGO 5.4%, $TEO 3.5%, $IGLD 3.2%
- 1M losers are : Losers for past month are $TLK -14.7%, $OOMA -20.2%, $LUMN -23.4%, $SHEN -24.1%, $ATNI -37.6%
- 1W winners are : Winners for past week are $IRDM 14.5%, $TEO 11.3%, $GOGO 9.5%, $LOOP 8.9%, $S 7.5%
- 1W losers are : Losers for past week are $ORAN -3.3%, $TLK -3.4%, $LUMN -7.6%, $SHEN -8.8%, $ATNI -31.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.9%, for the past 3 months is 14.8%
In the past month for a 5 days rolling window, the highest corrrelation is 32.8%, the lowest correlation is 2.4%, the latest correlation is 12.1%
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 LBRDA and LBRDK
The lowest correlation is -59.2% between AMX and PTNR
Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their first quarter operating results conference call on May 3, 2024, at 9:00 a.m. Central Time.
Amid the growing volatility in the stock market, as the macroeconomic headwinds and geopolitical tensions pile on, investors are increasingly being drawn towards high-paying dividend stocks. These stocks often emerge as an attractive option for those ...
Millicom (Tigo) notice of first quarter 2024 results and video conference Luxembourg, April 26, 2024 – Millicom expects to announce its first quarter 2024 results on May 8, 2024, via a press release. Millicom is planning to host a video conference for the global financial community on May 8, 2024, at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami). Registration for the interactive event is required at the following link. After registering, you will receive a confirmation email containing deta
In this article, we will look into the 20 richest billionaires in telecommunications. If you want to skip our detailed analysis of the telecommunications market, you can go directly to the 5 Richest Billionaires in Telecommunications. Telecom Industry: Rising Market Trends and Startups The global telecommunication market saw a growing trend of adoption of technologies […]
ATN International ( NASDAQ:ATNI ) First Quarter 2024 Results Key Financial Results Revenue: US$186.8m (flat on 1Q...
Press releaseParis, 26 April 2024 Combined Ordinary and Extraordinary Shareholders’ Meeting of22 May 2024 Details concerning the availability of information on the Combined Ordinary and Extraordinary Shareholders’ Meeting The Orange combined Ordinary and Extraordinary Shareholders’ Meeting will be held on Wednesday 22 May 2024 at 3:00 pm CET at the Salle Pleyel - 252, rue du Faubourg-Saint-Honoré, 75008 Paris, France. The meeting notices were published on 26 February and 26 April 2024 in the Fre
Despite a slight revenue increase and operational gains, ATN International Inc faces a net loss and strategic hurdles in Q1 2024.
Q1 2024 ATN International Inc Earnings Call
T-Mobile (TMUS) delivered earnings and revenue surprises of 9.29% and 0.22%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Millicom (Tigo) Board of Directors Appoints Marcelo Benitez as CEO Luxembourg, April 25, 2024 – Millicom announced today that its Board of Directors has appointed Marcelo Benitez as CEO of Millicom, effective June 1, 2024. Benitez has had a distinguished career with Millicom, having joined the company in Paraguay nearly 30 years ago and risen through the Company’s ranks to his most recent role as CEO of TIGO Panama. Benitez's selection completes the final phase of a succession planning and selec