Aggregated price index with volume information
Summary:
- Department Stores stocks up 0.5% on average while median return up 0.2% in a day
- Department Stores stocks down 0.7% on average while median return down 0.7% in a week
- Department Stores stocks down 9.3% on average while median return down 8.5% 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
- 1M losers are : Losers for past month are $KSS -11.9%, $M -13.1%
- 1W winners are : Winners for past week are $DDS 3.2%, $M 1.2%
- 1W losers are : Losers for past week are $KSS -2.5%, $OLLI -4.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 35.4%, for the past 3 months is 25.7%
In the past month for a 5 days rolling window, the highest corrrelation is 60.9%, the lowest correlation is -1.5%, the latest correlation is 59.4%
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 70.3% between DDS and M
The lowest correlation is -1.1% between M and OLLI
The Progressive and Kohl's are part of the Zacks Bull and Bear of the Day article.
The department store promoted Sabina Israelian-Garcia to the role with the goal of diversifying the retailer’s product assortment.
Kohls business has contracted over the past five years and its stock has severely underperformed
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The department store is focusing on a familiar product line to revitalize business.
Macy's (M) shows promising upside potential despite its recent stock decline, thanks to strategic initiatives that signal strong potential for recovery and long-term growth, making it a stock worth monitoring for investors.
~ Credit Card Program to Provide Rewards and Benefits for Purchases Made at Ollie’s and Wherever Visa is Accepted ~HARRISBURG, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that it has partnered with Sunbit, a leading financial technology company, to launch a co-branded Visa® credit card. “We are excited to launch our first-ever credit card to our customers. Our card makes it easier for customers to shop with us, earn
In the most recent trading session, Macy's (M) closed at $16.55, indicating a +1.1% shift from the previous trading day.
The department store says the category represents a white space growth opportunity and “significantly enhances” its women’s offering.
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.