Identifies themes and clusters of stock movements
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Sports Betting Stocks$246.33
-3.13%4:00PM 01/15/2021
The list of companies include SGMS-Scientific Games Corporation, PENN-Penn National Gaming, Inc., BYD-Boyd Gaming Corp., CHDN-Churchill Downs, Inc., IGT-International Game Technology PLC, DKNG-DraftKings Inc, ELYS-Elys Game Technology Corp.
Latest intraday update before market close @ 19:45:17 PM 01/15/2021
Summary :
Average return is down -1.8%
Median return is down -1.5%
1 out of 8 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information


  • Sports Betting stocks down 3.1% on average while median return down 2.4% in a day
  • Sports Betting stocks up 1.3% on average while median return up -0.4% in a week
  • Sports Betting stocks up 23.6% on average while median return up 17.1% 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 (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks (click on ticker for detail)
1 Day Return
1 Week Return
1 Month Return
PE Ratio
PE Growth Ratio
Price To Book
Earning Growth
Short %
Held By Institutions %
20 Days Price ZScore
50 Days Price ZScore
12-26 Days percentage price oscillator
20 Days Volume ZScore

Related ETFs (click on ticker for detail)

  • 1M winners are : Winners for past month are $ELYS 89.1%, $IGT 25.7%, $PENN 25.4%, $BYD 18.7%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $ELYS 9.9%, $PENN 5.7%, $DKNG 3.3%, $BYD 0.7%
  • 1W losers are : Losers for past week are $SGMS -1.4%, $CHDN -2.2%, $BJK -2.9%, $IGT -3.6%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 47.7%, for the past 3 months is 39.3%

In the past month for a 5 days rolling window, the highest corrrelation is 76.2%, the lowest correlation is 4.5%, the latest correlation is 12.7%

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 73.8% between BJK and IGT

The lowest correlation is -11.3% between DKNG and ELYS

Stock news

    Is DraftKings Stock A Buy Or Sell Right Now As More States Legalize Sports Betting?

    DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.

    Emerging Markets Report: Games People Play

    An Emerging Markets News CommentaryORLANDO, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Last week, Elys Game Technology, Corp. (Nasdaq:ELYS) (NEO:ELYS) (BER:3UW), an interactive gaming and sports betting technology company, announced that it has commenced trading on Canada’s NEO Exchange under the symbol "ELYS." To date, it is the first dual-listing of a publicly traded technology company from the NASDAQ Capital Market to the NEO Exchange.And while that news in and of itself is remarkable, the Comp...

    DraftKings (DKNG) Gains As Market Dips: What You Should Know

    DraftKings (DKNG) closed at $54.92 in the latest trading session, marking a +0.53% move from the prior day.

    Elys Game Technology Expands Corporate Communications Team

    Elys Game Technology Expands Corporate Communications Team

    Analyst: DraftKings Stands to Gain From NBA Positivity About Sports Betting

    As digital sports betting legalization continues its spread across the United States and online sportsbook activity gains popularity by leaps and bounds, an analyst telephone conversation with an NBA executive hints good things may be in store for DraftKings (NASDAQ: DKNG) and other sector companies. DraftKings just inked a partnership with the Drone Racing League, or DRL, last weekend, and now may be in line for an even bigger alliance. Jed Kelly, an analyst at wealth management firm Oppenhe...

    DraftKings (DKNG) Could Hit New Highs

    DraftKings (DKNG) stock could hit new highs if New York state passes a sports betting bill now set for debate.

    Sports Betting Market Poised For An Even Bigger Boom In 2021

    2020 was a huge year for online sportsbooks, and 2021 might just go down as the most important year in the industry's history. Over the course of the last year, we saw sports betting legalization in key US states, as well as several European markets. This is happening as consumer adoption of online sports betting is accelerating amid a growing demand for at-home entertainment. Heading into 2021, the online sports betting industry has a broader reach and a larger user base than ever before, all a...

    Boosted By Barstool, Penn National's Stock Passes MGM, $100 Share Price: So What's Next?

    Sports betting continued to be a big story in 2020 even as the sporting world faced major disruptions with scheduling due to the COVID-19 pandemic.What Happened: Thanks in part to its 30% ownership stake in Barstool Sports, shares of Penn National Gaming (NASDAQ: PENN) were up over 230% in 2020. In fact, the stock passed the $100 per share mark for the first time on Monday.Roundhill Investments Matias Dorta sums up the movement of Penn National over the last two years compared to rival MGM Resor...