Aggregated price index with volume information
Summary:
- Esports stocks up 1.3% on average while median return up 1.4% in a day
- Esports stocks up 5.2% on average while median return up 1.6% in a week
- Esports stocks down 0.6% on average while median return down 5.3% 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 $SE 15.9%
- 1M losers are : Losers for past month are $HERO -5.4%, $DOYU -9.0%
- 1W winners are : Winners for past week are $SE 22.2%, $DOYU 1.6%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 47.0%, for the past 3 months is 53.0%
In the past month for a 5 days rolling window, the highest corrrelation is 87.0%, the lowest correlation is 15.5%, the latest correlation is 15.5%
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 HERO and NERD
The lowest correlation is 14.6% between DOYU and TTWO
Sea Limited (NYSE: SE) surged almost 20% higher in recent trading sessions following some news out of Indonesia. This hurts TikTok Shop, which competed directly with Sea Limited's Shopee platform. Additionally, Sea Limited lost almost 90% of its value after the stock experienced a massive surge in 2020 and 2021.
Sea Limited shareholders rejoiced following new regulations that will hamper up-and-coming competitor TikTok Shop in Indonesia. Here's what investors need to know.
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(Bloomberg) -- Sea Ltd. gained a further 5% after Indonesia introduced sweeping regulations that will curb arch-foe TikTok’s efforts in Southeast Asia’s biggest e-commerce arena.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldPeloton Soars After Deal With Lululemon to Share Fitness ContentCitadel Is Ready to Fight With SEC Over WhatsApp ProbeOil Touches $95 With Shrinking Inventories Fanning Fresh RallyS
It is hard to get excited after looking at Sea's (NYSE:SE) recent performance, when its stock has declined 30% over the...
Both high-quality companies have sold off on China-related fears. But that opens up a long-term opportunity.
Investors came into the new week feeling somewhat nervous about the state of the stock market, particularly given the losses earlier in September. The Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up the most ground, but the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were also higher on the day. Among the more influential were Sea Limited (NYSE: SE) and Williams-Sonoma (NYSE: WSM), both of which were able to climb by more than 10%.
Shares of Asian technology firm Sea Limited (NYSE:SE) experienced a significant surge on Monday, rising by 14.77%. The upswing came in the wake of news about potential regulatory changes in Indonesia that could impact TikTok, one of Sea's competitors.
In Indonesia, TikTok Shop is quickly taking over the e-commerce market. Sea has three major parts of its business, one of which is e-commerce with its Shopee platform. If growth for TikTok Shop is suddenly hampered by stricter regulations, it would be good for Shopee, in theory.