Aggregated price index with volume information
Summary:
- Electronics/Appliance Stores stocks down -0.0% on average while median return down -0.8% in a day
- Electronics/Appliance Stores stocks down 1.0% on average while median return down -0.3% in a week
- Electronics/Appliance Stores stocks down 1.8% on average while median return down 8.5% 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
- 1M losers are : Losers for past month are $GME -10.4%
- 1W winners are : Winners for past week are $CONN 0.8%
- 1W losers are : Losers for past week are $GME -4.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is -10.0%, for the past 3 months is 7.6%
In the past month for a 5 days rolling window, the highest corrrelation is 15.1%, the lowest correlation is -32.5%, the latest correlation is -10.0%
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 15.5% between BBY and GME
The lowest correlation is -43.9% between BBY and RCII
In this article, we will be looking at the 25 hottest selling products in USA in 2023 while covering online shopping and e-commerce trends in detail. If you want to skip our detailed analysis, you can go directly to the 5 Hottest Selling Products in USA in 2023. The E-commerce market in the USA The […]
With its stock down 15% over the past three months, it is easy to disregard Best Buy (NYSE:BBY). However, stock prices...
Retail healthcare is a growing area of interest for many companies, as healthcare moves into the home and both retailers and traditional companies eye a piece of the nearly $4 trillion health industry pie.
Companies such as CVS Health Corporation (CVS) and Walgreens (WBA) already have a presence in retail healthcare, but companies like Best Buy (BBY), General Electric (GE), and Walmart (WMT) are looking to expand their presence in the sector as well. Yahoo Finance Health Care Reporter Anjalee Khemlani takes a look at the ways these companies are trying to grow in healthcare. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Discovering which meme stocks to avoid can be tricky. These stocks have, for better or worse, become part of the general discussion of the stock market and investments overall. The relatively new class of stocks took off during the pandemic as stimulus checks hit accounts and quarantined youthful investors succumbed to overzealousness. InvestorPlace - Stock Market News, Stock Advice & Trading Tips That isn’t to say that a lot of them didn’t make a lot of money. Many did. Nor is it to say that th
Meme stocks are making media headlines once again as a new movie about the rally of early 2021 called “Dumb Money” hits theaters. Not that meme stocks ever really went away. Troubled companies such as movie theater chain AMC Entertainment (NYSE:AMC) and fitness equipment maker Peloton (NASDAQ:PTON) continue to make headlines on a regular basis. Wall Street traders live in fear about the type of short squeezes that sent many stocks soaring to unsustainable levels in 2021, forcing short sellers to
Target said on Tuesday it would hire nearly 100,000 employees for the holiday season, like in the past two years, and start offering discounts for the festive period as early as October. The plan comes against the backdrop of predictions that sales growth during the crucial holiday period in the United States could be half of what it was last year due to higher prices denting consumer spending and worries of a recession. Last week, a report from career consultancy firm Challenger, Gray & Chris...
MINNEAPOLIS, September 19, 2023--The countdown to the holidays is here, and Best Buy is sharing the first look at how shoppers can expect to save, feel confident and stand out as an expert gift giver this season. This October, and throughout the holiday season, customers will experience Best Buy’s curated assortment of high-quality technology, huge savings and more ways to shop and get expert advice than ever before.
Retail sales in the United States grew 0.6% sequentially in August 2023, beating forecasts of a 0.2% advance.
A deep dive into the valuation of Best Buy Co (BBY) and its potential for investors