Aggregated price index with volume information
Summary:
- Apparel/Footwear Retail stocks up 2.1% on average while median return up 2.1% in a day
- Apparel/Footwear Retail stocks up 1.8% on average while median return up 0.7% in a week
- Apparel/Footwear Retail stocks up 2.4% on average while median return up 1.7% 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 $LE 30.0%, $SFIX 26.8%, $ZUMZ 26.0%, $GCO 20.1%, $JILL 14.6%
- 1M losers are : Losers for past month are $GPS -12.3%, $MOGU -12.8%, $CATO -13.7%, $CTRN -13.9%, $LULU -16.8%
- 1W winners are : Winners for past week are $SFIX 15.1%, $GCO 10.6%, $ZUMZ 10.6%, $SCVL 9.7%, $AEO 9.6%
- 1W losers are : Losers for past week are $ANF -3.7%, $GPS -5.3%, $MOGU -6.1%, $CRI -8.8%, $LULU -9.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.6%, for the past 3 months is 23.3%
In the past month for a 5 days rolling window, the highest corrrelation is 63.5%, the lowest correlation is 6.7%, the latest correlation is 42.1%
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 89.2% between AEO and BURL
The lowest correlation is -22.5% between BOOT and CATO
But the CEO stands to gain big if the company’s $8.5 billion buyout by Tapestry is allowed to go through.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 11.3% in the morning session after the company reported second quarter earnings results. Its full-year revenue guidance was lowered, and it now sits below expectations. Also its full-year earnings guidance fell short of Wall Street's estimates, so the outlook is worrisome for the retailer. Management highlighted a host of challenges. Firstly, CRI called out weaker market conditions due to declining consumer confidence and inflati
Lululemon Athletica, PVH, Crocs, Guess? and G-III Apparel are part of the Zacks Industry Outlook article.
Lululemon (LULU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Deckers' (DECK) first-quarter results reflect strength in the HOKA ONE ONE and UGG brands and solid gains from DTC channels.
Investors need to pay close attention to Capri Holdings (CPRI) stock based on the movements in the options market lately.
The expanded partnership comes as the DTC custom suit brand works to grow its footprint of showrooms.
IRVINE, Calif., July 26, 2024--Boot Barn Holdings, Inc. (NYSE: BOOT) today announced that the company will release its financial results for the first quarter fiscal year 2025 ended June 29, 2024, after the market close on Wednesday, August 7, 2024. Management will host a conference call that afternoon (August 7, 2024) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. The maker of children's apparel and accessories posted revenue of $564.4 million in the period.
Children’s apparel manufacturer Carter’s (NYSE:CRI) fell short of analysts' expectations in Q2 CY2024, with revenue down 6% year on year to $564.4 million. Next quarter's revenue guidance of $745 million also underwhelmed, coming in 7.6% below analysts' estimates. It made a non-GAAP profit of $0.76 per share, improving from its profit of $0.64 per share in the same quarter last year.