Aggregated price index
Aggregated price index with volume information
Summary:
- Breweries stocks up 1.8% on average while median return up 2.0% in a day
- Breweries stocks down 1.5% on average while median return down 0.4% in a week
- Breweries stocks down 7.7% on average while median return down 9.0% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $TAP 1.6%
- 1M losers are : Losers for past month are $CCU -11.8%, $ABEV -12.6%
- 1W winners are : Winners for past week are $BUD 2.1%
- 1W losers are : Losers for past week are $CCU -1.3%, $SAM -7.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 49.7%, for the past 3 months is 42.2%
In the past month for a 5 days rolling window, the highest corrrelation is 76.8%, the lowest correlation is -20.0%, the latest correlation is 31.6%
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 67.5% between ABEV and SAM
The lowest correlation is 21.3% between CCU and TAP
Stock news
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Think twice before toasting shares of Boston Beer, maker of Truly hard seltzer, warns Goldman Sachs.
Yahoo Finance Live's Dave Briggs checks out Coors Light's latest "Championship Ice" beer that uses ice from the Stanley Cup ahead of the July 4th weekend.
Yahoo Finance's Dave Briggs and Emily McCormick look at how beer stocks are performing after Goldman Sachs downgrades Sam Adams, upgrades Coors, and reiterates its 'Buy' rating for Constellation Brands.
Boston Beer Co. soon may have to lower its expectations for the year as the outlook for its hard-seltzer business "deteriorates further," analysts at Goldman Sachs said Tuesday.
Constellation Brands' strength could allow it to raise prices while Boston Beer's hard seltzer is losing market share, one analyst says.
Johnson & Johnson, Advanced Micro Devices, Union Pacific, Anheuser-Busch, and ServiceNow are part of Zacks top Analyst Blog.
Shares of Boston Beer have traded lower the past 12 months but it wasn't until Tuesday that a major sell-side firm cut their fundamental rating of the beverage firm to "sell" with a $318 price target. The On-Balance-Volume (OBV) line has been steady since February and is a bullish divergence when compared to the price action which continued to make lower lows. The Moving Average Convergence Divergence (MACD) oscillator has been below the zero line for most of the past year but now is close to...
Shares of companies selling staples such as beer, chocolate and canned soup have raced past the broader market in 2022.