Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Distribution Services stocks up 2.1% on average while median return up 1.8% in a day
- Distribution Services stocks up 7.2% on average while median return up 3.5% in a week
- Distribution Services stocks up 12.3% on average while median return up 10.4% 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 $NUZE 133.5%, $BXC 36.9%, $NOVA 36.3%, $IBP 34.4%, $ALTG 30.4%
- 1M losers are : Losers for past month are $CAH -2.7%, $SUN -3.4%, $GLP -11.5%, $ASPN -14.5%, $SDIG -31.2%
- 1W winners are : Winners for past week are $NUZE 241.8%, $ACET 28.2%, $ACU 13.3%, $POOL 13.2%, $HLF 11.8%
- 1W losers are : Losers for past week are $SUN -5.0%, $LPL -7.4%, $DIT -7.6%, $ASPN -10.1%, $SDIG -20.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.9%, for the past 3 months is 16.6%
In the past month for a 5 days rolling window, the highest corrrelation is 36.7%, the lowest correlation is 4.9%, the latest correlation is 19.6%
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 92.0% between BECN and GMS
The lowest correlation is -57.2% between ABC and GWW
Owens & Minor (OMI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Pool Corp's (POOL) second-quarter performance is negatively impacted by lower consumer spending on discretionary items and dismal building materials product sales.
Owens & Minor (OMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The consensus price target hints at a 29.5% upside potential for Owens & Minor (OMI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Favorable commodity prices, coupled with premium Bakken shale and Stabroek Block production boosts, are likely to have aided Hess' (HES) Q2 earnings.
Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.
GE HealthCare's (GEHC) second-quarter results are likely to witness declining segmental revenues in imaging, ultrasound and patient care. The bottom-line results may reflect better pricing.
MILWAUKEE (AP) — Sensient Technologies Corp. SXT) on Friday reported net income of $30.9 million in its second quarter. On a per-share basis, the Milwaukee-based company said it had profit of 73 cents.