Aggregated price index with volume information
- Breweries stocks up 1.8% on average while median return up 1.6% in a day
- Breweries stocks down 0.8% on average while median return down 1.9% in a week
- Breweries stocks down 4.7% 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%, $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%
Index correlation analysis
Correlation for the past month is 30.3%, for the past 3 months is 27.8%
In the past month for a 5 days rolling window, the highest corrrelation is 81.6%, the lowest correlation is -8.9%, the latest correlation is 64.9%
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 64.7% between BUD and TAP
The lowest correlation is 8.1% between ABEV and CCU
Molson Coors (TAP) is poised to gain momentum, thanks to its focus on the Beyond Beer approach. Its Revitalization and Premiumization plans also hold promise.
Alcohol stocks are funny. While they tend to be very glamorous companies based on the way their products are marketed to consumers, the reality is that it’s a very tough business to make huge gobs of money for extended periods. This has led to the rise of alcohol stocks to buy. However, one company that managed to deliver for shareholders despite an ultra-competitive industry is Davide Campari Milano (OTCMKTS:DVDCF), the Italian drinks maker whose brands include Wild Turkey, Campari, and Appleto
Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney that gutted sales.
ABEV vs. DEO: Which Stock Is the Better Value Option?
As Brewing the American Dream celebrates 15 years supporting small food and beverage businesses across the U.S., Samuel Adams today announces that its priority philanthropy program has surpassed $100 million of funding. This milestone commemorates the program's dedication to uplifting devoted craftspeople everywhere in partnership with nonprofit lenders like Accion Opportunity Fund.
Many of Anheuser-Busch InBev's (NYSE: BUD) conservative customers were upset with the company earlier this year after learning that the Bud Light brand had entered a marketing promotional deal with transgender social media influencer, Dylan Mulvaney. Musician Kid Rock even posted a video online, showing him shooting up cases of Bud Light in protest of the move. The boycott does appear to have affected sales and Bud Light lost its top spot among beer brands in the U.S. market.
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion.
Lifeway Foods' (LWAY) Q2 results reflect higher net revenues and earnings, driven by rising product volumes and the widespread acceptance of inflation-based price adjustments.
In this article, we are going to discuss the top 20 oldest breweries in America. You can skip our detailed analysis of how the advent of refrigeration changed the brewing industry, the economic contribution of the American beer industry, the recent acquisition in the national beer landscape, and the new trend in the craft beer […]
Contrary to what we’ve heard about a lot of bis stocks topping out, now is a great time to find undervalued large-cap stocks. The S&P 500 stalled as August came around. After rallying 20% higher over the first seven months of 2023, the index of the 500 largest stocks on the market is down 2.5% so far this month. Even after the gains, the benchmark index remains 7% below its all-time high. That means if you know where to look you’ll find undervalued large-cap stocks worth your consideration.Inves