Identifies themes and clusters of stock movements
Market TodayThemes and Stocks AnalysesThematic Stock SearchClick here for daily refresh schedule
Beverages: Alcoholic Stocks$114.71
1.08%4:00PM 11/23/2020
Latest intraday update before market close @ 19:45:00 PM 11/23/2020
Summary :
Average return is up 1.5%
Median return is up 0.6%
5 out of 6 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Beverages: Alcoholic stocks up 1.1% on average while median return up 1.1% in a day
  • Beverages: Alcoholic stocks up 0.3% on average while median return up -1.8% in a week
  • Beverages: Alcoholic stocks up 13.8% on average while median return up 13.2% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $TAP 25.0%, $NBEV 18.4%, $BUD 18.1%, $CCU 16.8%, $DEO 13.4%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $NBEV 17.1%, $WVVI 2.2%, $WVVIP 0.9%
  • 1W losers are : Losers for past week are $TAP -1.8%, $STZ -2.2%, $BUD -2.4%, $DEO -3.0%, $ABEV -4.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 30.0%, for the past 3 months is 20.2%

In the past month for a 5 days rolling window, the highest corrrelation is 52.3%, the lowest correlation is 0.3%, the latest correlation is 0.3%

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 89.7% between BUD and DEO

The lowest correlation is -29.3% between SAM and STZ

Stock news

    11/18/2020DEO
    15 Largest Beverage Companies in the World

    In this article we are going to list the 15 largest beverage companies in the world. Click to skip ahead and jump to the 5 largest beverage companies in the world.  A beverage company is a company that produces drinks, but they have to be other than water.  The word beverage itself is derived form […]

    11/11/2020BUD
    Late to the game, AB InBev still sees victory in seltzers

    Having missed out on the hottest new alcohol trend in the United States, Anheuser-Busch InBev reckons it can still overhaul rivals by ramping up innovation, marketing and harnessing its top brand, Bud Light. White Claw and Boston Beer Company's Truly have built strong leads in the U.S. market for hard seltzers - sparkling water with alcohol and flavouring. "The winners are not necessarily those that get there first, but the winners are the ones that manage to scale up their initiatives bette...

    11/11/2020BUD
    FOCUS-Late to the game, AB InBev still sees victory in seltzers

    Having missed out on the hottest new alcohol trend in the United States, Anheuser-Busch InBev reckons it can still overhaul rivals by ramping up innovation, marketing and harnessing its top brand, Bud Light. White Claw and Boston Beer Company's Truly have built strong leads in the U.S. market for hard seltzers - sparkling water with alcohol and flavouring.

    11/10/2020BUD,DEO,ABEV,CCEP,COKE,CCU,PEP,KO,BUD,DEO
    11/9/2020NBEV
    New Age Beverages Corporation (NBEV) Q3 2020 Earnings Call Transcript

    Image source: The Motley Fool. New Age Beverages Corporation (NASDAQ: NBEV)Q3 2020 Earnings CallNov 09, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings and welcome to NewAge, Inc.

    11/6/2020BUD
    Alcohol sales soared 68% on Election Day, with Democratic states buying the most: Drizly

    According to boozy delivery app Drizly, Tuesday’s election saw a massive jump in sales through its platform, to the tune a 68% increase over the previous four Tuesdays.

    11/6/2020TAP
    For Hexo Stock, In God We Truss Might Be Its Best Bet

    It’s been a crappy year for Hexo (NYSE:HEXO) shareholders. They’ve seen Hexo stock drop below $1, putting the cannabis company’s New York Stock Exchange listing in jeopardy. Source: Shutterstock Like many companies that get in this position, Hexo’s been forced to do an 8-for-1 reverse stock split to meet the NYSE’s listing requirements. The move will be rubber-stamped with a vote by shareholders in December. HEXO stock closed out 2019 at $1.59 a share.InvestorPlace - Stock Market News, Stock A...

    11/5/2020TAP
    Molson Coors Completes Sale of Irwindale Brewery

    Molson Coors Beverage Company and Pabst Brewing have completed the sale of Molson Coors' Irwindale brewery property

    11/5/2020STZ
    Pot producer Canopy launches CBD-infused beverage line in Canada

    The "Quatreau" line of sparkling waters will come in two variants — one with only cannabidiol (CBD) and the other with a limited amount of tetrahydrocannabinol (THC), the cannabinoid which causes a high, the company said. Shares of the pot producer, which is backed by Corona beer maker Constellation Brands Inc , rose 8% as investors have been hopeful that beverages could provide a way for weed producers to make money after years of massive losses. Canopy Growth launched THC-based drinks...

    11/4/2020TAP
    Was The Smart Money Right About Molson Coors Beverage Company (TAP)?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]