Aggregated price index with volume information
- Videogame Producers stocks down 0.4% on average while median return down 0.4% in a day
- Videogame Producers stocks up 0.4% on average while median return up 0.5% in a week
- Videogame Producers stocks up 10.6% on average while median return up 9.5% 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 $TTWO 12.9%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $EA 0.8%
- 1W losers are : Losers for past week are
Index correlation analysis
Correlation for the past month is 37.1%, for the past 3 months is 15.9%
In the past month for a 5 days rolling window, the highest corrrelation is 73.1%, the lowest correlation is -33.1%, the latest correlation is 68.6%
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 46.8% between EA and TTWO
The lowest correlation is 20.9% between ATVI and TTWO
Electronic Arts has laid off an undisclosed number of employees at its UK studio Codemasters, which it acquired in 2020 for about $1.25 billion in cash and is known for making auto-racing games. A spokesman described the cuts as small and part of the company's plans announced in March to let go about 6% of its workforce this year.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Apple and other megacaps gained while consumer staples stocks dipped after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing. "As interest rates rise and as demand slows, companies are pulling back on job openings, which is essentially what the Fed wants," said Sa...
Another online leak marred the highly anticipated release of Take-Two's Grand Theft Auto VI videogame trailer.
Elon Musk went on X to briefly weigh in on the popular video game franchise "Grand Theft Auto."
Wall Street's main indexes were mixed on Tuesday as investors assessed a fresh batch of economic data, including a jobs report, to gauge the probability of rate cuts by the Federal Reserve early next year, while megacap stocks rebounded from the previous day's losses. U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing, while U.S. services sector activity picked up in November. "The data is better than expected, meaning that th...
Take-Two Interactive's (TTWO) Rockstar Games debuted the first trailer for its much anticipated Grand Theft Auto VI Monday night, which was earlier than expected. The trailer was originally leaked on X.com earlier in the afternoon before being taken down, with the company later confirming the leak and sharing their official version on YouTube. Yahoo Finance Tech Editor Dan Howley joins the Live show to break down the latest development with the game and explain the massive hype for this release....
The highly-anticipated trailer for Grand Theft Auto VI arrived a little early after a copy was leaked online. Rockstar Games released its first look for the sixth game of the cult-classic video game series Monday evening — roughly 15 hours before the planned Tuesday morning unveiling — while citing the leak. “Our trailer has leaked so please watch the real thing on YouTube,” Rockstar Games wrote on X, the platform formerly known as Twitter, just after 6 p.m. ET Monday.
Wall Street's main indexes fell on Tuesday as investors waited for a slew of data, including the crucial jobs report, to gauge whether the Federal Reserve will cut interest rates by early next year. After a strong run of gains in November that sent the S&P 500 to its closing high for the year, U.S. equities pulled back in the previous session as longer-dated Treasury yields bounced off three-month lows.
Investors were quick to pull the trigger and sell Take-Two Interactive Software stock, after the owner of Rockstar Games and publisher of Grand Theft Auto put out a trailer of the videogame franchise’s next installment and announced a launch window. Take-Two released the trailer for Grand Theft Auto VI late Monday, hours after a version was leaked on social media platform X. The company said the game would be released in 2025 on Sony PlayStation 5 and Microsoft Xbox Series X and S systems...
Wall Street's main indexes were set to open lower on Tuesday as investors waited for a slew of data, including the crucial jobs report, to gauge whether the Federal Reserve will cut interest rates by early next year. After a strong run of gains in November that sent the S&P 500 to its closing high for the year, U.S. equities pulled back in the previous session as longer-dated Treasury yields bounced off three-month lows.