Aggregated price index with volume information
- Apparel/Footwear Retail stocks up 1.0% on average while median return up 0.6% in a day
- Apparel/Footwear Retail stocks up 5.9% on average while median return up 3.5% in a week
- Apparel/Footwear Retail stocks up 0.9% on average while median return up -1.9% 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 $CHS 47.5%, $JILL 26.4%, $DBI 22.6%, $ANF 7.8%, $GCO 5.7%
- 1M losers are : Losers for past month are $BOOT -10.5%, $TPR -14.0%, $BURL -15.6%, $SFIX -21.9%, $LE -27.2%
- 1W winners are : Winners for past week are $CHS 69.6%, $JILL 12.0%, $ANF 11.3%, $AEO 10.9%, $SFIX 10.6%
- 1W losers are : Losers for past week are $TJX -0.3%, $LULU -0.6%, $BURL -1.1%, $FL -2.3%, $CATO -3.9%
Index correlation analysis
Correlation for the past month is 23.1%, for the past 3 months is 21.3%
In the past month for a 5 days rolling window, the highest corrrelation is 48.5%, the lowest correlation is 0.6%, the latest correlation is 21.8%
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 79.7% between AEO and ANF
The lowest correlation is -72.3% between GCO and LE
On Thursday, Nike Inc (NYSE: NKE) reported fiscal first-quarter revenue that missed Wall Street’s revenue expectations for the first time in two years while beating earnings and gross margin expectations. Although it continues to pursue its DTC strategy, Nike reestablished its wholesale partnerships with Macy’s Inc (NYSE: M) and Designer Brands Inc (NYSE: DBI) to clear excess inventories while stating it is in the process of resetting its business with Foot Locker Inc (NYSE: FL). Also this week,
↗️ [**Nike (NKE)**](https://www.wsj.com/market-data/quotes/NKE): Shares jumped about 6% after the sportswear company reported better-than-expected profits on Thursday. Nike also said its inventories fell 10% from the previous year—a sign that the company is working through its inventory glut.
Despite cost headwinds, lululemon (LULU) is on track to reap the benefits of strong consumer demand, and robust traffic at stores and e-commerce.
Nike stock jumped in early trading after the sneaker-and-sportswear giant's latest results [beat Wall Street expectations](https://www.wsj.com/business/retail/nike-clears-a-low-bar-with-investors-cff13e5a).
Chico's FAS (CHS) inks a deal to be acquired by Sycamore Partners. The transaction will provide Chico's FAS with financial resources and strategic flexibility to boost its three iconic brands.
Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?
Here is how ACV Auctions Inc. (ACVA) and American Eagle Outfitters (AEO) have performed compared to their sector so far this year.
Foot Locker (NYSE: FL) stock is getting cheap enough to show up on many value investors' radars. The retailer's shares are down by over 50% this year and are sitting at a 10-year low. You couldn't buy Foot Locker at this price even during the worst of the pandemic stock market crash.
The headwinds are beginning to outnumber the tailwinds in the markets.
In this article, we will take a look at the 13 cheap stocks to buy today according to media. To see more such companies, go directly to 5 Cheap Stocks to Buy Today According to Media. Constant bombardment of news and making decisions based on day to day market updates gives a false sense of […]