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Cruise Line Stocks$54.04
1.02%4:00PM 11/25/2020
Encouraging coronavirus-related developments in recent days likely contributed to the gains in cruise ship stock prices.
Latest intraday update before market close @ 19:45:00 PM 11/25/2020
Summary :
Average return is up 0.8%
Median return is up 2.1%
2 out of 3 stocks are up (limited to those with intraday pricing feeds).

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

Index Constituencies

Related Stocks (click on ticker for detail)

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leak data

  • 1M winners are : Winners for past month are $CCL 47.2%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $CCL 17.4%
  • 1W losers are : Losers for past week are
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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

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