Aggregated price index with volume information
Summary:
- Apparel/Footwear stocks down 2.0% on average while median return down 1.8% in a day
- Apparel/Footwear stocks up 1.2% on average while median return up 1.8% in a week
- Apparel/Footwear stocks down 5.6% on average while median return down 3.3% 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 $LEVI 12.2%, $KTB 6.5%, $VRA 5.0%, $GIII 2.6%, $JRSH 2.0%
- 1M losers are : Losers for past month are $DECK -14.0%, $GES -15.5%, $HBI -16.6%, $PVH -19.1%, $VNCE -25.8%
- 1W winners are : Winners for past week are $KTB 11.6%, $WWW 9.3%, $GIII 5.0%, $COLM 4.7%, $CAL 4.4%
- 1W losers are : Losers for past week are $GOOS -0.9%, $NKE -1.9%, $HBI -5.5%, $DLA -6.9%, $VNCE -15.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.0%, for the past 3 months is 26.5%
In the past month for a 5 days rolling window, the highest corrrelation is 56.7%, the lowest correlation is 6.9%, the latest correlation is 46.7%
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 96.9% between UA and UAA
The lowest correlation is -40.9% between CROX and VNCE
Resignations of Board Members Do Not Address Central Shareholder Demand to Return Glenn Chamandy as CEO The Only Thing that Has Been Refreshed is the Names of the Directors – the Board’s Disdain for Shareholders Remains Intends to Support Browning West Nominees at 2024 Annual Meeting TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Turtle Creek Asset Management Inc. (“Turtle Creek”), a Canadian independent investment management firm with a 25-year history and a decade-long shareholder of Gildan Activ
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