Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Cruise Line stocks up 1.0% on average while median return up 2.1% in a day
- Cruise Line stocks up 12.9% on average while median return up 13.4% in a week
- Cruise Line stocks up 41.4% on average while median return up 38.1% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes
Correlation Analysis
Index correlation analysis
Correlation for the past month is 95.5%, for the past 3 months is 93.3%
In the past month for a 5 days rolling window, the highest corrrelation is 99.6%, the lowest correlation is 82.0%, the latest correlation is 84.8%
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 96.9% between CCL and NCLH
The lowest correlation is 93.6% between NCLH and RCL
Stock news
Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Royal Caribbean Cruises Ltd. ("Royal Caribbean" or the "Company") (NYSE: RCL) between February 4, 2020 and March 17, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of Florida alleges viola...
Shares of Norwegian Cruise Line (NYSE: NCLH) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $23.05. * Sentiment: BEARISH * Option Type: TRADE * Trade Type: CALL * Expiration Date: 2022-01-21 * Strike Price: $50.00 * Volume: 636 * Open Interest: 3647Three Ways Options Activity Is 'Unusual'Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The...
NEW YORK, NY / ACCESSWIRE / November 25, 2020 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Royal Caribbean Cruises Ltd.
Shares of Royal Caribbean (NYSE: RCL) have nearly quadrupled in value from their March lows but remain 45% below where they started 2020, as the coronavirus pandemic has canceled virtually all cruise ship activity until next year. With that as a backdrop, let's consider whether Royal Caribbean can be a millionaire-maker stock. The cruise ship industry is battling more than just the COVID-19 outbreak.
AIDA Cruises, the leading cruise line in Germany and a part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), today announced that it will offer Canary Island cruises starting from December 5, 2020.
NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Royal Caribbean Group (NYSE: RCL), Mesoblast Limited (NASDAQ: MESO), Loop Industries, Inc. (NASDAQ: LOOP), and Turquoise Hill Resources Ltd. (NYSE: TRQ). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case c...
NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Royal Caribbean Cruises Ltd. ("Royal Caribbean" or the "Company") (NYSE: RCL) between February 4, 2020 and March 17, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for th...
Fresh off their vaccine-fueled share price rally Monday, cruise line stocks set sail again on Tuesday, with shares of Norwegian Cruise Line Holdings (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival Corporation (NYSE: CCL) rising 5.1%, 6.1%, and 9%, respectively, in 11:40 a.m. EST trading. Carnival intends to use the proceeds of this stock sale to repurchase $90.8 million in debt from said lender, pushing its own bankruptcy fears a bit further into the future.
LOS ANGELES, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruz...
P&O; Cruises has extended the pause in operations into April 2021 in response to the current uncertainty around European ports of call.