Aggregated price index with volume information
Summary:
- Publishing: Books/Magazines stocks up 2.3% on average while median return up 2.1% in a day
- Publishing: Books/Magazines stocks up 1.9% on average while median return up 2.8% in a week
- Publishing: Books/Magazines stocks up 5.5% on average while median return up 9.6% 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 $EDUC 15.2%
- 1M losers are : Losers for past month are $SCHL -10.1%
- 1W winners are : Winners for past week are $SCHL 7.8%
- 1W losers are : Losers for past week are $EDUC -4.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is -18.8%, for the past 3 months is -2.0%
In the past month for a 5 days rolling window, the highest corrrelation is 49.5%, the lowest correlation is -40.5%, the latest correlation is -11.5%
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 9.7% between PSO and SCHL
The lowest correlation is -56.4% between EDUC and SCHL
Tulsa, Oklahoma--(Newsfile Corp. - July 11, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal first quarter ended May 31, 2024.First Quarter Summary Compared to the Prior Year First QuarterNet revenues were $10.0 million compared to $14.5 million.Average active PaperPie Brand Partners totaled 13,400 compared to 23,200.Average active
Tulsa, Oklahoma--(Newsfile Corp. - July 8, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 first quarter earnings call.EDC will host its Fiscal Year 2025 First Quarter Earnings Call, including a live Q&A webcast, on Thursday, July 11, 2024 at 3:30 PM CT (4:30 PM ET). Craig White, Chief Executive Officer and President, Heather Cobb, Chief Sales and Marketing Officer, Dan O'Keefe, ..
Publishing stocks are shares of companies that publish books, newspapers, magazines, literature, journals, educational materials and other forms of media. Most folks tend to overlook publishing stocks because they don’t find them as glamorous as tech or exciting startups. Also, there’s a perception that the publishing industry is circling the drain — due to competition from digital platforms. As such, you’re not likely to find the average investor scouring through financial news to identify whic
Tulsa, Oklahoma--(Newsfile Corp. - June 17, 2024) - Educational Development Corporation (NASDAQ: EDUC) (the "Company") executed the Fifth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective May 31, 2024, adjusts the maximum availability of the Revolving Loan commitment to $7.0 million through the maturity date of October 4, 2024. The Amendment also requires an additional decrease in the Revolving Loan to $4.5 million from
Tulsa, Oklahoma--(Newsfile Corp. - June 12, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on June 6, 2024, it executed a Commercial Real Estate Contract ("Contract") with Rockford Holdings ("Rockford" or "Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex").The agreed upon sale price of the
Tulsa, Oklahoma--(Newsfile Corp. - May 30, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC" or "Landlord") (http://www.edcpub.com) announced it has entered into a triple-net ("NNN") lease (the "Lease") agreement for approximately 111,000 square feet of unused office and warehouse space in it's property located at 5402 S. 122nd East Ave, Tulsa, OK 74146 (the "Hilti Complex") with a new tenant ("Tenant"). The initial lease term is five years commencing July ...
Tulsa, Oklahoma--(Newsfile Corp. - May 21, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal fourth quarter and fiscal year ended February 29, 2024.Fiscal Year Summary Compared to the Prior YearNet revenues of $51.0 million compared to $87.8 million.Average active PaperPie Brand Partners totaled 18,300 compared to 28,000.Earnings bef
Tulsa, Oklahoma--(Newsfile Corp. - May 2, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal year 2024 earnings call, as well as the date of the Annual Shareholders Meeting and record date for Shareholder Proxy vote.EDC will host its Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Tuesday, May 21, 2024 at 3:30 PM CT (4:30 PM ET). Craig White, ...
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