Aggregated price index with volume information
Summary:
- Breweries stocks up 0.6% on average while median return up 0.3% in a day
- Breweries stocks up 3.1% on average while median return up 2.7% in a week
- Breweries stocks down 2.7% on average while median return down 5.3% 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 $CCU 1.3%, $BUD 0.8%
- 1M losers are : Losers for past month are $SAM -5.4%, $TAP -5.9%
- 1W winners are : Winners for past week are $BUD 5.1%, $SAM 4.7%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.8%, for the past 3 months is 25.5%
In the past month for a 5 days rolling window, the highest corrrelation is 89.9%, the lowest correlation is -20.8%, the latest correlation is 24.9%
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 63.6% between ABEV and CCU
The lowest correlation is 31.1% between CCU and SAM
Diageo (DEO) has been in a good spot, thanks to its strong brand portfolio, premiumization efforts, cost management plans, innovation and marketing investments.
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Procter & Gamble (PG) witnesses strong business momentum, driven by underlying strength in brands and appropriate strategies, which boosts organic sales growth.
Brown-Forman (BF.B) is on track for growth, driven by gains across its premium and super-premium brands, strength in the Jack Daniel's family of brands, and the momentum in the RTD category.
FEMSA (FMX) stays on growth track, thanks to its strategic initiatives, including expansion in the digital space and the U.S. specialized distribution industry.
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Altria Group (MO) — the parent company of Marlboro cigarettes — is selling over $2 billion worth of Anheuser-Busch InBev (BUD) stock from its stake in the beer company. AB InBev plans to buy back up to $200 million of these shares. Yahoo Finance Live monitors the stock performance of the Bud Light parent company following this news. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Ca...
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