Aggregated price index with volume information
- Theater stocks down 0.9% on average while median return down 1.0% in a day
- Theater stocks down 0.7% on average while median return down -1.7% in a week
- Theater stocks down 17.8% on average while median return down 3.0% 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.
- 1M winners are : Winners for past month are $CNK 4.2%
- 1M losers are : Losers for past month are $RDI -5.1%, $AMC -61.1%
- 1W winners are : Winners for past week are $CNK 5.2%, $MCS 2.1%
- 1W losers are : Losers for past week are $RDI -3.8%, $AMC -8.9%
Index correlation analysis
Correlation for the past month is 22.6%, for the past 3 months is 26.9%
In the past month for a 5 days rolling window, the highest corrrelation is 53.4%, the lowest correlation is -19.3%, the latest correlation is -1.2%
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 60.0% between IMAX and MCS
The lowest correlation is -21.7% between MCS and RDI
On Sept. 1, the company reported that pop music icon Taylor Swift's concert film shattered records for single-day ticket sales revenue at $26 million.
IMAX Corporation (NYSE: IMAX) made an award-winning debut at the 2023 International Broadcasting Convention (IBC) in Amsterdam this week. The Company nabbed two Best of Show Awards for its Stream Smart™ product from leading industry publications – TVB Europe and TV Technology – bringing to life its vision of extending the IMAX focus on quality to wherever fans stream content.
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With the success of ROUTE 60: THE BIBLICAL HIGHWAY'S two day theatrical release, TBN and Fathom Events announce the extension of the film in theaters through September 21.This film follows ambassador, David Friedman, and secretary, Mike Pompeo, on their trek through Route 60 in Israel.
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CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, and Marcus Theatres®, a division of The Marcus Corporation (NYSE: MCS) and the fourth largest exhibitor in the U.S., announced today they have opened the first-ever ScreenX auditorium in the State of Wisconsin. The new immersive, 270-degree panoramic ScreenX theatre is open at the Marcus Ridge Cinema in New Berlin, Wisconsin, in time for 20th Century Studios' "The Creator," opening on September 29th.
Lions Gate (LGF.A) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.