Aggregated price index with volume information
Summary:
- Consumer Lending stocks down 0.3% on average while median return down 0.3% in a day
- Consumer Lending stocks up 3.4% on average while median return up 3.4% in a week
- Consumer Lending stocks up 3.9% on average while median return up 2.2% 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 (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 $FCFS 4.6%
- 1M losers are : Losers for past month are $EZPW -0.1%
- 1W winners are : Winners for past week are $FCFS 3.6%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.0%, for the past 3 months is 45.7%
In the past month for a 5 days rolling window, the highest corrrelation is 96.7%, the lowest correlation is -38.4%, the latest correlation is 81.8%
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 37.0% between EZPW and FCFS
The lowest correlation is 37.0% between EZPW and FCFS
FirstCash (FCFS) delivered earnings and revenue surprises of 0.74% and 1.76%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
FORT WORTH, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale (“POS”) payment solutions through American First Finance (“AFF”), today announced operating results for the three and six month periods ended June 30, 2024. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.38
Over the past year, the United States stock market has shown robust growth, rising by 20%, despite a recent dip of 1.6% over the last seven days. In this dynamic environment, identifying stocks with potential for significant earnings growth, projected at an annual rate of 15%, can offer intriguing opportunities for investors looking to uncover less recognized assets in the market.
It hasn't been the best quarter for FirstCash Holdings, Inc. ( NASDAQ:FCFS ) shareholders, since the share price has...
Small-caps have roared back following favorable CPI data, breaking months of back-and-forth price action.
IWM, EZCORP, LendingTree and Stitch Fix have been highlighted in this Investment Ideas article.
Small-caps have roared back following CPI data, undoubtedly pleasing those who have remained patient with the trade. Is it finally their time to shine?
Stocks under $20 usually provide a very good balance of upside potential and safety. I believe it is worth looking into many stocks in this range, as many have been battered and are about to make a turnaround. That’s compared to many similar stocks in lower price ranges which may be up-and-coming startups that are just beginning to get big. I believe once interest rate cuts start and the economy enters a new cycle in the coming quarters, investors could start taking a deeper look into the market
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
While small-caps have been seemingly shoved to the side in favor of large-cap technology excitement, several have been enjoying positive earnings estimate revisions, a highly favorable development.