Aggregated price index with volume information
Summary:
- Beverages: Alcoholic stocks up 1.2% on average while median return up 1.6% in a day
- Beverages: Alcoholic stocks down 1.4% on average while median return down 1.9% in a week
- Beverages: Alcoholic stocks down 5.4% on average while median return down 4.4% 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 $SAM 6.8%, $TAP 0.8%
- 1M losers are : Losers for past month are $ABEV -10.4%, $DEO -12.6%, $CCU -15.1%
- 1W winners are : Winners for past week are $SAM 3.0%, $TAP 0.3%
- 1W losers are : Losers for past week are $BUD -2.0%, $CCU -3.2%, $DEO -4.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 25.8%, for the past 3 months is 26.0%
In the past month for a 5 days rolling window, the highest corrrelation is 43.4%, the lowest correlation is 3.9%, the latest correlation is 40.6%
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 64.7% between BUD and TAP
The lowest correlation is -24.8% between STZ and WVVI
Is AB InBev moving past the Bud Light boycott fallout? Analysts at Bank of America think so.
Margins at Bud Light’s parent company, Anheuser-Busch InBev are set to improve, according to BofA Securities. Analyst Andrea Pistacchi upgraded shares of Anheuser-Busch to Buy from Neutral, raising her target for the stock price to €65 ($68.93) from €50.80. Pistacchi’s change to a bullish stance comes after the stock has declined 11% in 2023.
The stock market digests this morning's cooling PCE data on the final trading day of 2023's third quarter. Bank of America analysts upgrade Anheuser-Busch's (BUD) stock after beer drinkers boycotted the Bud Light distributor earlier in the year. Loop Capital Markets analysts upgrade dating app Bumble (BMBL) after finding the stock to be "de-risked." Lastly, Stifel analysts upgrade Brinker International (EAT) on the outlook of its chain restaurants like Chili's. Yahoo Finance Live anchors Seana S...
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Anheuser-Busch Inbev (BUD) closed the most recent trading day at $53.38, moving -1.62% from the previous trading session.
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Fall is undoubtedly Beer Season. From tailgating to the latest fall brew flavors, the pint glass is definitely half full - never half empty - for beer lovers in autumn. So, it's understandable why 38% of American beer drinkers admit that Cenosillicaphobia - the fear of an empty beer glass - is a relatable fear, according to a new survey1 commissioned by Samuel Adams and conducted online by The Harris Poll. In fact, 20% of American beer drinkers say they'd rather run into an ex than have an empty
CCU vs. SAM: Which Stock Is the Better Value Option?
In this article, we are going to discuss the 15 countries that export the most beer to the U.S. You can skip our detailed analysis of the import beer market in the United States, the local production of imported beer brands, and the recent success of import beer in the U.S., and go directly to […]
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