Aggregated price index with volume information
Summary:
- Beverages: Alcoholic stocks up 2.0% on average while median return up 1.2% in a day
- Beverages: Alcoholic stocks up 1.0% on average while median return up 3.1% in a week
- Beverages: Alcoholic stocks down 0.6% on average while median return down -0.5% 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 $TAP 7.2%, $BUD 3.2%, $DEO 2.9%
- 1M losers are : Losers for past month are $CCU -1.1%, $STZ -2.9%, $SAM -4.1%
- 1W winners are : Winners for past week are $SAM 4.2%, $TAP 3.7%, $STZ 3.3%
- 1W losers are : Losers for past week are $CCU -5.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.5%, for the past 3 months is 22.6%
In the past month for a 5 days rolling window, the highest corrrelation is 49.1%, the lowest correlation is -10.7%, the latest correlation is 13.7%
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 86.7% between BUD and DEO
The lowest correlation is -28.5% between ABEV and WVVI
The Sam Adams parent is getting closer to returning to growth.
Boston Beer's (SAM) Q2 results reflect the impacts of soft shipment and depletion volumes due to continued headwinds in the hard seltzer category, which hurt the Truly Hard Seltzer brand.
Boston Beer (SAM) delivered earnings and revenue surprises of -12.02% and 2.60%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Beer company Boston Beer (NYSE:SAM) reported Q2 CY2024 results beating Wall Street analysts' expectations, with revenue up 1.8% year on year to $614.2 million. It made a GAAP profit of $4.39 per share, down from its profit of $4.73 per share in the same quarter last year.
BOSTON (AP) — Boston Beer Co. (SAM) on Thursday reported second-quarter net income of $52.3 million. On a per-share basis, the Boston-based company said it had profit of $4.39. The results fell short of Wall Street expectations.
BOSTON, July 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: Second Quarter 2024 Summary: Depletions decreased 4% and shipments decreased 6.4%Net revenue of $579.1 million decreased 4.0%Gross margin of 46.0% up 60 basis points year over yearNet income of $52.3 million, a decrease of $5.7 million or 9.8%Diluted income per share of $4.39 Year-to-date 2024 Summary: Depletions decre
Anheuser-Busch InBev is betting on Olympic sponsorship to help its new Corona Cero brew become a top-selling zero-alcohol beer globally, but it will need to catch up with rivals like Heineken 0.0, a leading player in major markets. Previously AB InBev focused on specific brands in different regions, such as Stella Artois 0.0% in Britain. The Olympics provide a platform to drive Corona Cero's expansion, said Marcel Marcondes, AB InBev chief marketing officer, enabling a more aggressive roll out...
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