Aggregated price index with volume information
Summary:
- Hotels/Resorts/Cruiselines stocks down 1.8% on average while median return down 2.1% in a day
- Hotels/Resorts/Cruiselines stocks up 1.2% on average while median return up -0.9% in a week
- Hotels/Resorts/Cruiselines stocks up 8.8% on average while median return up 3.6% 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 $CCL 31.5%, $CUK 30.7%, $NCLH 27.4%, $RCL 23.7%, $MSC 14.9%
- 1M losers are : Losers for past month are $CHH -4.1%, $MTN -4.4%, $HTHT -4.9%, $GHG -18.0%, $TH -20.2%
- 1W winners are : Winners for past week are $NCLH 21.5%, $CUK 13.4%, $CCL 12.8%, $RCL 8.1%, $IHG 3.2%
- 1W losers are : Losers for past week are $MSC -3.6%, $PLYA -4.0%, $CZR -4.0%, $HTHT -4.8%, $GHG -8.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.7%, for the past 3 months is 33.8%
In the past month for a 5 days rolling window, the highest corrrelation is 56.4%, the lowest correlation is 5.9%, the latest correlation is 56.4%
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 99.5% between CCL and CUK
The lowest correlation is -25.7% between HLT and TH
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Sharing is caring. But it can also drive viral marketing for a hotel loyalty program.
Hyatt (H) announces a franchise agreement with 3H Group for the development of its first Hyatt Studios property in Mobile, AL. The company expects to open the property in early 2025.
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