Aggregated price index
Aggregated price index with volume information
Summary:
- Breweries stocks down 1.7% on average while median return down 1.1% in a day
- Breweries stocks down 1.0% on average while median return down 0.6% in a week
- Breweries stocks down 11.6% on average while median return down 8.9% 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 $CCU 5.6%
- 1M losers are : Losers for past month are $BUD -12.5%, $SAM -30.4%
- 1W winners are : Winners for past week are $CCU 3.7%, $SAM 1.3%
- 1W losers are : Losers for past week are $TAP -1.6%, $BUD -7.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 14.2%, for the past 3 months is 22.3%
In the past month for a 5 days rolling window, the highest corrrelation is 65.3%, the lowest correlation is -20.6%, the latest correlation is 25.1%
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 52.9% between ABEV and BUD
The lowest correlation is -33.1% between BUD and CCU
Stock news
Zacks Industry Outlook Highlights: Anheuser-Busch InBev, Diageo, Constellation Brands, Boston Beer and Molson Coors
Bank of America analyst Bryan Spillane. and his team cite several factors in their lukewarm assessment of the apparently one-time surging hard seltzer market, dominated for two years or so by White Claw and Truly.
Companies like Diageo plc (DEO) and Boston Beer Company (TAP) have seen a jump in their sales during the pandemic as more people ordered online while restaurants and bars remained closed.
Companies like Diageo plc (DEO) and Boston Beer Company (TAP) have seen a jump in their sales during the pandemic as more people ordered online while restaurants and bars remained closed.
Shares of Kraft Heinz are now trading at a 52-week high following praise from Warren Buffett.
On Friday, The Boston Beer Company (NYSE: SAM), best known for the Samuel Adams product line, announced it is to develop nonalcoholic cannabis drinks. Unlike in the U.S., the sale and consumption of marijuana there is fully legal at the federal level. With the move, Boston Beer is attempting to get its foot in the door of what promises to be a popular product segment.
Yahoo Finance’s Brooke DiPalma breaks down how fast food giants, companies and states are offering incentives to support COVID-19 vaccination efforts.
Molson Coors (TAP) has been taking several steps toward growth of its above-premium portfolio and the hard seltzer ambition, which is a key part of its beyond beer approach.
Just days before the merger between Tilray (NASDAQ:TLRY) and Aphria, which made the combined entity the largest cannabis company by revenue, Time named Tilray to the 2021 Time100 Most Influential Companies list. One would think that kind of scale would make TLRY stock an automatic buy. Source: Shutterstock Maybe. Maybe not. I’ll look at the why and why not to own the latest exercise in mergers and acquisitions. By the end, I think you’ll be able to make up your own mind about the merger value or...
The Boston Beer Company today announced that it is establishing a subsidiary to serve as a dedicated research and innovation hub in Canada focused on non-alcoholic cannabis beverages. Boston Beer, the maker of recognized alcohol brands such as Samuel Adams and Truly Hard Seltzer, hopes to continue its industry-leading track record of innovation in this emerging space.