Aggregated price index with volume information
- Cruise Line stocks down 3.3% on average while median return down 2.7% in a day
- Cruise Line stocks up 1.3% on average while median return up 1.0% in a week
- Cruise Line stocks down 8.5% on average while median return down 6.9% 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 -13.5%
- 1W winners are : Winners for past week are $NCLH 5.2%
- 1W losers are : Losers for past week are $CCL -2.3%
Index correlation analysis
Correlation for the past month is 76.9%, for the past 3 months is 70.1%
In the past month for a 5 days rolling window, the highest corrrelation is 98.2%, the lowest correlation is -17.2%, the latest correlation is 87.6%
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 78.9% between NCLH and RCL
The lowest correlation is 73.9% between CCL and NCLH
Fool.com contributor Parkev Tatevosian highlights the strong recovery happening at Carnival (NYSE: CCL) and why it might be time to consider investing in the cruise line. *Stock prices used were the afternoon prices of Sept.
Carnival posted its first positive earnings since the pandemic early Friday on record quarterly revenue. CCL stock edged higher.
Shares of cruise operators fell Friday after Carnival warned that [rising fuel prices](https://www.wsj.com/business/energy-oil/fuel-prices-are-soaring-who-is-feeling-the-pinch-b51db978) are weighing on the company's earnings.
Image source: The Motley Fool. Carnival Corp. (NYSE: CCL)Q3 2023 Earnings CallSep 29, 2023, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Josh Weinstein Good morning.
Seabourn, the leader in ultra-luxury voyages and expedition travel, is set to raise a glass for "A Toast On Both Coasts" and celebrate the first time that both of the line's two new ultra-luxury purpose-built expedition ships, Seabourn Venture and Seabourn Pursuit, will be in the continental U.S. on the same day on Friday, September 29, 2023.
Carnival's (CCL) third-quarter fiscal 2023 performance benefits from solid bookings backed by improved commercial execution and demand generation initiatives.
A surge in global oil prices, as well as higher labor and marketing costs, could eat further into profits for the world's biggest cruise line operator.
Carnival Cruise executives don't see the macroeconomic slowdown everybody is talking about.
The stock market was mixed on Friday, as investors have had trouble gaining traction even when good news comes out. Shares of Carnival gave up early gains and fell 5% at midday on Friday. The cruise line giant reported fiscal third-quarter financial results for the period ended Aug. 31, but investors weren't entirely pleased with its projections for the rest of the year.
↗️ [**Nike (NKE)**](https://www.wsj.com/market-data/quotes/NKE): Shares jumped about 6% after the sportswear company reported better-than-expected profits on Thursday. Nike also said its inventories fell 10% from the previous year—a sign that the company is working through its inventory glut.