Aggregated price index with volume information
Summary:
- Apparel/Footwear stocks up 2.5% on average while median return up 2.1% in a day
- Apparel/Footwear stocks up 3.2% on average while median return up 2.4% in a week
- Apparel/Footwear stocks up 2.3% on average while median return up 2.6% 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 $HBI 27.4%, $RVLV 20.1%, $VFC 16.5%, $GES 15.5%, $CAL 12.7%
- 1M losers are : Losers for past month are $SKX -9.8%, $CROX -12.2%, $GOOS -12.4%, $LEVI -22.7%, $NKE -22.9%
- 1W winners are : Winners for past week are $VNCE 24.5%, $HBI 13.7%, $CAL 9.8%, $RVLV 7.5%, $RCKY 7.4%
- 1W losers are : Losers for past week are $DLTH -1.0%, $COLM -1.6%, $CROX -2.2%, $LEVI -2.5%, $GOOS -6.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.5%, for the past 3 months is 20.9%
In the past month for a 5 days rolling window, the highest corrrelation is 39.2%, the lowest correlation is 5.4%, the latest correlation is 37.0%
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 98.2% between UA and UAA
The lowest correlation is -48.7% between GIL and JRSH
With both having a special niche in regard to footwear, let's see why now is a good time to buy Deckers Outdoor (DECK) and Skechers (SKX) stock.
In the latest trading session, V.F. (VFC) closed at $15.97, marking a -1.84% move from the previous day.
In the latest trading session, HanesBrands (HBI) closed at $5.36, marking no change from the previous day.
In the latest trading session, Crocs (CROX) closed at $129.38, marking a -1.46% move from the previous day.
Under Armour, Inc. (NYSE: UA, UAA) plans to release its first quarter fiscal 2025 (ended June 30, 2024) results on August 8, 2024. Following the news release at approximately 7:00 a.m. Eastern Time (ET), Under Armour management will host a conference call at approximately 8:30 a.m. ET to review results.
Gold Long John, which supplies Nike with performance fabrics for its footwear, is taking steps to adopt new PFAS-free solutions in its Vietnam supply chain.
Hanesbrands Seen Facing Stock Volatility After Champion Brand Sale, UBS Says
See who's in, who's out, who's been promoted and who's been hired from across the footwear and fashion industry in 2024.
What will we learn about the economy and consumer spending from the consumer stocks?
Under Armour (UAA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.