Aggregated price index
Aggregated price index with volume information
Summary:
- Sports and Online Betting stocks down 1.3% on average while median return down 2.4% in a day
- Sports and Online Betting stocks down 6.4% on average while median return down 4.5% in a week
- Sports and Online Betting stocks down 4.3% on average while median return down 2.0% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $IGT 14.2%, $BJK 4.3%, $SGMS 2.4%, $BYD 0.4%
- 1M losers are : Losers for past month are $PENN -4.4%, $DKNG -19.1%, $GNOG -19.1%, $ELYS -24.6%
- 1W winners are : Winners for past week are $BJK 1.9%
- 1W losers are : Losers for past week are $PENN -6.0%, $CHDN -7.9%, $DKNG -14.9%, $GNOG -14.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 54.3%, for the past 3 months is 44.2%
In the past month for a 5 days rolling window, the highest corrrelation is 83.4%, the lowest correlation is 28.7%, the latest correlation is 28.7%
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 99.8% between DKNG and GNOG
The lowest correlation is -19.0% between IGT and SCR
Stock news
Lincoln, NE, based Investment company Farmers & Merchants Investments Inc (Current Portfolio) buys Berkshire Hathaway Inc, VMware Inc, Exxon Mobil Corp, Vanguard Short-Term Corporate Bond ETF, Vanguard Short-Term Bond ETF, sells CoreSite Realty Corp, AT&T Inc, Ameren Corp, Lennox International Inc, Alliant Energy Corp during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Farmers & Merchants Investments Inc.
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.
Cathie Wood's ARK Invest ETFs are some of the hottest ETFs after 2020's huge gains. Seven ARK Invest stocks to buy and watch include Coinbase and Tesla.
MGM Resorts would now be able apply for its own concession as Macau gaming officials revamp licensing rules. Is MGM stock a buy now?
Cathie Wood's ARK Invest ETFs are some of the hottest ETFs after 2020's huge gains. Seven ARK Invest stocks to buy and watch include Coinbase and Tesla.
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.
Investment company Marks Wealth, LLC (Current Portfolio) buys Vanguard Financials ETF, Vanguard Industrials ETF, iShares U.S.
DraftKings (DKNG) collaborates with Oregon Lottery. DraftKings Sportsbook to replace the Scoreboard app.
ARK Invest went shopping on Wednesday, buying three stocks that are trading 45% to 81% below last year's highs.
A fundamental analyst lowered their price target on DraftKings to $30 from $50 and the stock did not make a new low. In this daily bar chart of DKNG, below, we can see that prices are in a downtrend below the declining 50-day and 200-day moving average lines. The On-Balance-Volume (OBV) line has been weak into early January.