Central Japan Railwa has returned +0.2% from $29.20 since 2021, trailing SPY's +70.2% over the same period. The stock hit an all-time high of $31.45 in Oct 2021 and is currently 7.0% below that level. Of 8 tracked news events, 63% produced a positive market-adjusted return.
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Every dot on the chart is a news event. The return shown is market-adjusted (vs SPY). Green = stock outperformed. Red = underperformed. Dot size = magnitude of reaction.
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