Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Dog and Cat Food stocks up 2.7% on average while median return up 1.2% in a day
- Dog and Cat Food stocks up 15.9% on average while median return up 1.1% in a week
- Dog and Cat Food stocks up 13.2% on average while median return up 2.4% 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%, $AVO 15.8%, $PPC 9.5%, $TSN 7.2%, $CENTA 3.4%
- 1M losers are : Losers for past month are $BYND -2.5%, $FRPT -7.9%, $UTZ -12.9%, $VITL -21.9%
- 1W winners are : Winners for past week are $NUZE 241.8%, $PPC 5.8%, $AVO 4.3%, $SEB 2.3%, $TSN 2.1%
- 1W losers are : Losers for past week are $FRPT -1.2%, $UTZ -7.4%, $VITL -8.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 9.2%, for the past 3 months is 6.3%
In the past month for a 5 days rolling window, the highest corrrelation is 20.4%, the lowest correlation is -1.5%, the latest correlation is 8.4%
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 99.2% between CENT and CENTA
The lowest correlation is -56.8% between JJSF and NUZE
Newell (NWL) reports a sales decline in second-quarter 2024, owing to a core sales drop of 4.2% year over year.
Investors in Pilgrim's Pride are having a Thanksgiving of a different kind these days as the company is seeing triple-digit profit growth.
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the perishable food industry, including Beyond Meat (NASDAQ:BYND) and its peers.
Tyson Foods (TSN) reachead $60.29 at the closing of the latest trading day, reflecting a +1.53% change compared to its last close.
Buying a stock is easy, but buying the right stock without a good strategy is incredibly hard. Here are the five top-performing stocks to buy now or put on a watchlist.
Vital Farms (VITL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AUSTIN, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, will report financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, before market open. Vital Farms will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. To participate on the live call, listeners in North America may dial +1-800-715-9871 and international lis
In the latest trading session, Pilgrim's Pride (PPC) closed at $40.10, marking a +1.6% move from the previous day.
EL SEGUNDO, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, announced today it will report financial results for the second quarter ended June 29, 2024 on Wednesday, August 7, 2024 after market close. The Company will host a conference call to discuss these results at 5:00 p.m. Eastern, 2:00 p.m. Pacific. Investors interested in participating in the live call can dial 412-902-4255. There will also be a sim
Vital Farms (VITL) 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.