Aggregated price index
Aggregated price index with volume information
- 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
- 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%
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
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 […]
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...
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.
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.
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.
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...
Molson Coors Beverage Company and Pabst Brewing have completed the sale of Molson Coors' Irwindale brewery property
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
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 […]