Aggregated price index with volume information
- Dog and Cat Food stocks down 1.0% on average while median return down -0.2% in a day
- Dog and Cat Food stocks up 8.0% on average while median return up 5.8% in a week
- Dog and Cat Food stocks up 7.3% on average while median return up 4.6% 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 $LSF 28.5%, $BYND 26.6%, $FRPT 22.9%, $VITL 21.3%, $UTZ 8.4%
- 1M losers are : Losers for past month are $SEB -2.1%, $CENT -2.5%, $AVO -3.6%, $CENTA -4.2%, $FREE -7.3%
- 1W winners are : Winners for past week are $BYND 32.5%, $NUZE 29.3%, $LSF 22.1%, $VITL 9.7%, $CENT 8.9%
- 1W losers are : Losers for past week are $FREE -2.6%
Index correlation analysis
Correlation for the past month is 14.5%, for the past 3 months is 13.1%
In the past month for a 5 days rolling window, the highest corrrelation is 36.6%, the lowest correlation is -0.0%, the latest correlation is 36.6%
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 99.2% between CENT and CENTA
The lowest correlation is -46.4% between FREE and MMMB
NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it has completed the sale of an additional 63,750 shares of common stock at the public offering price of $3.00 per share, pursuant to the full exercise of the over-allotment option granted to the underwriter in connection with the Company's public offering that closed on October 20, 2023. The Company expects to receive additional gross proceeds of approximately $191,250, before deducting underwri
Here is how Laird Superfood, Inc. (LSF) and Procter & Gamble (PG) have performed compared to their sector so far this year.
Laird Superfood, Inc. (LSF) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Altria (NYSE: MO) and Beyond Meat (NASDAQ: BYND) have both been struggling over the past few years. Altria, the largest tobacco company in the United States, faces a persistent decline in adult smoking rates. Over the past four years, Altria's stock has declined 16% as Beyond Meat's stock plunged 90%.
Shares of Beyond Meat (NASDAQ: BYND) were sizzling in November as the stock heated up after a long slump. Investors were encouraged by news of layoffs and further cost cuts in its third-quarter earnings report, and the stock also benefited from the broader market gains, as interest rates appears to have peaked and inflation is slowing. As the chart shows, Beyond Meat stock soared on Nov. 2, gaining 18.4% after it gave a disappointing preliminary earnings report for its third quarter, but said ...
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Beyond Meat's industry has been contracting for more than a year now, yet management still doesn't have a good grasp on where demand trends are headed. "We are disappointed by our overall results," CEO Ethan Brown said in an early November press release. Its gross profit margin did improve, rising to a 9% loss from an 18% loss.
Although it's pretty clear what it needs to do next, the clock is ticking on this perennial loss-making company.
Could an interest rate cut give the stock a boost? For a company such as Beyond Meat, which incurs losses and burns through cash, a lower interest rate makes it easier for the business to grow, because it can take out loans at a lower rate.
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