Aggregated price index with volume information
- Apparel/Footwear stocks up 1.7% on average while median return up 1.8% in a day
- Apparel/Footwear stocks up 2.1% on average while median return up 1.5% in a week
- Apparel/Footwear stocks down 6.8% on average while median return down 7.2% 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 $GIII 25.6%, $CAL 16.3%, $COLM 0.8%, $WWW 0.6%
- 1M losers are : Losers for past month are $DLTH -18.2%, $RCKY -18.5%, $HBI -21.4%, $XELB -26.4%, $VNCE -31.8%
- 1W winners are : Winners for past week are $RVLV 8.7%, $DLTH 6.4%, $CAL 6.4%, $VRA 6.3%, $COLM 5.9%
- 1W losers are : Losers for past week are $JRSH -2.2%, $WWW -2.4%, $DLA -2.4%, $XELB -2.4%, $HBI -5.5%
Index correlation analysis
Correlation for the past month is 27.1%, for the past 3 months is 21.8%
In the past month for a 5 days rolling window, the highest corrrelation is 47.3%, the lowest correlation is 6.5%, the latest correlation is 34.1%
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 99.5% between UA and UAA
The lowest correlation is -60.4% between CAL and DLTH
A single-digit earnings multiple and a stock trading for a negative enterprise value look like bargains right now.
Crocs' (CROX) progress on innovation and product introductions to improve the experiences of target consumers. The company is on track to attain its long-term growth targets.
The U.S. Department of Justice is reportedly expanding its probe into the UBS Group (UBS) over alleged compliance failures on Russian sanctions. TD Cowen analysts initiate coverage on denim retailer Levi Strauss & Co. (LEVI), giving the brand an "Outperform" rating. Marriott International (MAR) is expected to outline its three-year financial growth plan at its investor meeting today. Yahoo Finance Live's Seana Smith and Brad Smith take a look at several of this morning's top trending stocks. For...
Hanesbrands (HBI) is grappling with a rising inflationary environment and persistent macro-driven slowdown in consumer spending.
Petco took out a $1.7 billion loan two years ago at an interest rate around 3.5%. Early in 2021, when Petco borrowed the money, those costs were less than 5% of cash flow. Debt reduction is one of Petco’s three key capital-allocation initiatives, Chairman Ronald Coughlin said on the company’s August earnings call.
GREENSBORO, N.C., September 27, 2023--Global denim brand and the leading authority in western fashion, Wrangler® today announced its collaboration with Mattel, Inc.’s Barbie, the #1 fashion doll brand inspiring a cultural phenomenon. The Wrangler x Barbie collection celebrates two brands with similar heritage, united in the desire to encourage women and girls to be strong, confident, free and fearlessly chase their dreams.
Levi’s Chip Bergh’s biggest regret isn’t the mass sacking of his peers—it’s not terminating the wrong people soon enough.
While index investing has its merits, some people want to take the time to find individual companies to put their money in. If you've got $5,000 that you don't need to pay off monthly bills, bolster an emergency fund, or pay down short-term debt, you might want to put it toward an investment in the stock market. More specifically, you might want to use it to buy shares of Crocs (NASDAQ: CROX) and Lululemon (NASDAQ: LULU).
A look at how the major markets are performing on Wednesday.
Levi Strauss (LEVI) closed at $12.92 in the latest trading session, marking a -0.84% move from the prior day.