Aggregated price index with volume information
Summary:
- Cruise Line stocks up 0.9% on average while median return up 1.0% in a day
- Cruise Line stocks down 7.0% on average while median return down 6.3% in a week
- Cruise Line stocks down 2.1% on average while median return down 4.9% 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
- 1M losers are : Losers for past month are $CCL -6.0%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $RCL -8.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 85.6%, for the past 3 months is 76.4%
In the past month for a 5 days rolling window, the highest corrrelation is 93.2%, the lowest correlation is 10.0%, the latest correlation is 92.9%
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 93.9% between CCL and NCLH
The lowest correlation is 80.1% between NCLH and RCL
Royal Caribbean stumbled on Thursday despite a strong quarterly update. The shares have still more than tripled since the start of last year.
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Princess Cruises, in collaboration with Hollywood's legendary Magic Castle™, has unveiled three exclusive packages for its second Conjurer's Cruise onboard the brand-new Sun Princess. Sailing November 9-16, 2024, roundtrip from Ft. Lauderdale, this magical journey will feature headline performances by acclaimed actor and magician Michael Carbonaro.
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Uncovering the Financial and Strategic Position of Royal Caribbean Group in 2024
Market averages (^DJI, ^IXIC, ^GSPC) seek to reverse their bad luck from Wednesday and hold on to gains heading into Thursday's market close. Julie Hyman and Josh Lipton report on the top market movers and leading industry stories while helping investors through the final trading hour. Royal Caribbean Group (RCL) CFO Naftali Holtz joins the program to comment on the cruise operator's second quarter earnings and why it continues to see "very, very strong" demand. For this week's Good Buy or Goodb...
RCL earnings call for the period ending June 30, 2024.
The cruise operator reported second-quarter adjusted earnings of $3.21 a share on revenue of $4.1 billion. Both numbers were higher than expected.
Royal Caribbean Group (RCL) posted better-than-expected second quarter results, raised its full-year guidance, and reinstated its dividend. The stock, however, was trading lower on cost concerns. Royal Caribbean Group CFO Naftali Holtz says the increase in costs is related to stock-based compensation, which is higher due to the stock's performance. When it comes to how the business is doing, "demand has continued to be very, very strong," with Holtz crediting the earnings beat to strong pricing...