Aggregated price index with volume information
Summary:
- Drugstore Chains stocks up 1.6% on average while median return up 0.6% in a day
- Drugstore Chains stocks down 1.9% on average while median return down 3.0% in a week
- Drugstore Chains stocks down 16.1% on average while median return down 15.8% 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 $YI 1.5%
- 1M losers are : Losers for past month are $PETS -16.9%, $BIMI -32.4%
- 1W winners are : Winners for past week are $YI 0.5%
- 1W losers are : Losers for past week are $BIMI -3.1%, $CVS -3.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 9.3%, for the past 3 months is 15.9%
In the past month for a 5 days rolling window, the highest corrrelation is 71.3%, the lowest correlation is -13.0%, the latest correlation is 14.5%
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 40.2% between CVS and WBA
The lowest correlation is -22.6% between BIMI and YI
Walgreens (WBA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Thanks to the partnership, Walgreens will offer over 4,000 SNAP-eligible products for delivery within an hour.
DEERFIELD, Ill., April 25, 2024--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a quarterly dividend of 25 cents per share, unchanged from the previous quarter. The dividend is payable on June 12, 2024, to stockholders of record as of May 21, 2024.
Walgreens is launching new services and consolidating specialty services to compete in the pharmacy benefits management (PBM) space.
(Bloomberg) -- Walgreens Boots Alliance Inc. is opening a new center dedicated to bringing emerging cell and gene therapies to patients with complex, chronic conditions like cancer, cystic fibrosis and Crohn’s disease.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earn
DEERFIELD, Ill., April 25, 2024--Walgreens is expanding its specialty pharmacy services and investing in its capabilities as the company further grows its core pharmacy business to improve patient outcomes and provide greater value to payers and partners. The company today introduced Walgreens Specialty Pharmacy, a holistic offering that expands access to care for patients with complex, chronic conditions and enables partnerships that drive profitability for Walgreens’ pharmacy business. The com
SAN FRANCISCO, April 24, 2024--DoorDash (NASDAQ: DASH), the local commerce platform, and Walgreens (NASDAQ: WBA), a trusted, neighborhood health destination serving nearly 10 million customers each day, today announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country. DoorDash is the first platform that enables SNAP customers to make purchases directly from Walgreens using their SNAP/EBT cards. In addition, DoorDash is the first third-party delive
In this article, we will be taking a look at the 10 best healthcare stocks to buy under $20. To skip our detailed analysis of the healthcare sector, you can go directly to see the 5 Best Healthcare Stocks to Buy Under $20. Global Healthcare Outlook for 2024 As 2024 progresses, the optimism surrounding the healthcare […]
DEERFIELD, Ill., April 18, 2024--Walgreens is calling on the public to help in the fight against prescription drug abuse by taking part in National Prescription Drug Take Back Day on Saturday, April 27th, 2024. Drug take back days are reserved annually for the safe disposal of unwanted, unused, or expired medications. Walgreens has more than 1,550 kiosks across 46 states and Washington, D.C. These kiosks are a convenient way to ensure medications are not accidentally or intentionally misused.
The U.S. government is investigating whether the consolidation of health insurers, pharmacy benefit managers and pharmacies is fueling high drug costs. The Department of Health and Human Services’ Office of Inspector General said it is examining whether health insurers' shared ownership of pharmacy-benefit managers and pharmacies has played a role in high drug prices. “We will determine the impact of related entity transactions within select vertically integrated entities on the prices for cov...