Aggregated price index with volume information
Summary:
- Hotels/Resorts/Cruiselines stocks up 0.8% on average while median return up 0.9% in a day
- Hotels/Resorts/Cruiselines stocks down 1.3% on average while median return down 2.5% in a week
- Hotels/Resorts/Cruiselines stocks up 2.4% on average while median return up 0.4% 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 $TH 25.0%, $MCRI 15.3%, $RRR 9.0%, $CHH 8.9%, $WH 4.7%
- 1M losers are : Losers for past month are $RCL -4.9%, $CUK -5.1%, $CCL -6.0%, $HTHT -7.4%, $CZR -8.1%
- 1W winners are : Winners for past week are $MCRI 13.2%, $WH 3.7%, $HTHT 3.3%, $MTN 2.4%, $TH 0.9%
- 1W losers are : Losers for past week are $CZR -4.9%, $NCLH -6.1%, $CUK -6.2%, $CCL -6.3%, $RCL -8.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.6%, for the past 3 months is 24.8%
In the past month for a 5 days rolling window, the highest corrrelation is 61.8%, the lowest correlation is 1.4%, the latest correlation is 33.0%
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 99.4% between CCL and CUK
The lowest correlation is -41.7% between MCRI and RCL
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SINGAPORE and SHANGHAI, China, July 23, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a leading and fast-growing hotel group, today announced that, in order to enhance shareholder value, its board of directors (the “Board”) has approved a three-year shareholder return plan with an aggregate amount of distributions that may be made to the Company’s shareholders of up to US$2,000,000,000, effective from July 23, 2024 (the “Shareholder Re
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