Aggregated price index with volume information
- Department Stores stocks up 0.8% on average while median return up 0.9% in a day
- Department Stores stocks up 0.1% on average while median return up 0.3% in a week
- Department Stores stocks up 10.2% on average while median return up 10.5% 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 $KSS 12.0%, $DDS 11.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $OLLI 1.3%, $KSS 0.5%
- 1W losers are : Losers for past week are $M -1.6%
Index correlation analysis
Correlation for the past month is 49.2%, for the past 3 months is 44.0%
In the past month for a 5 days rolling window, the highest corrrelation is 91.1%, the lowest correlation is -30.9%, the latest correlation is 24.0%
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 74.4% between KSS and M
The lowest correlation is 24.9% between KSS and OLLI
Arkhouse Management, which along with Brigade Capital Management, launched an unsolicited bid to acquire Macy's for $21 a share, has proposed a slate of nominees to the Macy's board.
Macy’s said private-equity firm Arkhouse Management has nominated nine people to stand for election at its annual meeting. This arrives on the heels of last year’s unsolicited proposal from Arkhouse and Brigade Capital to acquire the company for $21 per share in cash, which was turned down last month. “Arkhouse and Brigade have yet to provide any financing details that would enhance the actionability of their proposal despite multiple opportunities to do so, and instead of attempting a constr...
Arkhouse Management is nominating nine people for Macy's board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management. Arkhouse and Brigade had offered $21 for each of the remaining shares in Macy’s they don’t already own. Macy’s said at the time that its board reviewed the investment firms’ proposal and not only had concerns about the financing plan, but also felt there was a “lac...
Macy's is facing a board challenge from Arkhouse Management after the investment firm nominated nine director candidates just weeks after the retailer rejected a go-private bid from Arkhouse and its partner Brigade Capital. "The Board's history of poor performance and continued refusal to engage constructively with our credible and motivated buyer group have led us to the decision to nominate a slate of highly qualified, independent directors to reconstitute Macy’s Board," Arkhouse said in a st...
(Reuters) -Macy's is facing a board challenge from Arkhouse Management after the investment firm nominated nine director candidates just weeks after the retailer rejected a go-private bid from Arkhouse and its partner Brigade Capital. "The Board's history of poor performance and continued refusal to engage constructively with our credible and motivated buyer group have led us to the decision to nominate a slate of highly qualified, independent directors to reconstitute Macy’s Board," Arkhouse s...
NEW YORK, February 20, 2024--Macy’s, Inc. (NYSE: M) will report its fourth quarter and full-year 2023 sales and earnings results on Tuesday, February 27, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc.’s Chief Executive Officer Tony Spring and Chief Operating and Chief Financial Officer Adrian Mitchell.
NEW YORK, February 20, 2024--Macy’s, Inc. (NYSE: M) announced today that its Board of Directors (the "Board") has received notice from Arkhouse Management Co. LP ("Arkhouse") that it has nominated nine individuals to stand for election to the Macy’s, Inc. Board of Directors at the Company’s 2024 Annual Meeting. Macy’s, Inc. issued the following statement:
Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?
When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...
Like other department stores, the retailer is revamping its product assortment with a designer-led initiative.