Aggregated price index with volume information
Summary:
- Theater stocks up 3.2% on average while median return up 3.2% in a day
- Theater stocks up 5.1% on average while median return up 3.4% in a week
- Theater stocks up 8.4% 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 $IMAX 18.6%, $AMC 10.7%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $IMAX 13.2%, $MCS 7.5%
- 1W losers are : Losers for past week are $RDI -2.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 22.2%, for the past 3 months is 19.5%
In the past month for a 5 days rolling window, the highest corrrelation is 55.1%, the lowest correlation is -20.4%, the latest correlation is 48.5%
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 61.6% between MCS and RDI
The lowest correlation is -1.6% between AMC and CNK
IMAX's second-quarter 2024 results reflect the negative impacts of sluggish total revenues and box office performance.
Liberty Global's (LBTYA) second-quarter 2024 results reflect a year-over-year increase in revenues in Central and other.
Charter's (CHTR) second-quarter 2024 results reflect continued growth in Internet sales and residential mobile service revenues.
Cinemark (CNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IMAX earnings call for the period ending June 30, 2024.
AMC Entertainment Holdings, Inc (NYSE:AMC) is trading up Thursday, reversing its Wednesday losses. The stock is up over 7%. The American movie theater chain got a boost from Imax Corp’s (NYSE:IMAX) upbeat second-quarter print on Thursday. The Canadian production theatre company’s quarterly sales were $88.96 million, down 9% year over year, beating the analyst consensus of $76.01 million. EPS of $0.18 surpassed the consensus estimate of $0.07. Imax increased its 2024 Imax system installation guid
Imax Corp (NYSE:IMAX) reported its second-quarter financial results before the bell Thursday. The stock gained after the print. Here’s a look at the highlights. The Details: Imax reported quarterly EPS of $0.18, which quashed the analyst consensus estimate of $0.07. The quarterly sales were $88.96 million, down 9% year over year, beating the analyst consensus estimate of $76.01 million. Content Solutions revenues of $35 million grew by 12% year-on-year, driven by the sale of the commercial and s
Rogers Communications' (RCI) second-quarter 2024 results reflect a decline in Cable revenues.
Royal Caribbean (RCL) delivered earnings and revenue surprises of 15.88% and 2.58%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
The Mississauga, Ontario-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share. The results topped Wall Street expectations.