Aggregated price index with volume information
Summary:
- Electronics/Appliances stocks up 0.8% on average while median return up 1.4% in a day
- Electronics/Appliances stocks up 1.3% on average while median return up 1.4% in a week
- Electronics/Appliances stocks up 21.2% on average while median return up 4.3% 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 $KOSS 134.3%, $IRBT 49.2%, $HBB 29.5%, $GNSS 27.8%, $GPRO 20.6%
- 1M losers are : Losers for past month are $WHR -2.3%, $HELE -38.0%
- 1W winners are : Winners for past week are $IRBT 23.4%, $KOSS 5.5%, $HBB 4.0%, $HELE 3.9%, $NPK 3.8%
- 1W losers are : Losers for past week are $UEIC -3.1%, $NC -4.8%, $ROKU -5.6%, $WHR -5.8%, $ARLO -6.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 11.4%, for the past 3 months is 9.8%
In the past month for a 5 days rolling window, the highest corrrelation is 37.5%, the lowest correlation is -3.6%, the latest correlation is 28.6%
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 67.5% between HBB and UEIC
The lowest correlation is -77.4% between ARLO and HELE
Whirlpool ( NYSE:WHR ) Second Quarter 2024 Results Key Financial Results Revenue: US$3.99b (down 17% from 2Q 2023). Net...
Weakness in the streaming sector weighed on Roku.
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Whirlpool Corporation Chairman and CEO Marc Bitzer joins Yahoo Finance Executive Editor Brian Sozzi to discuss the appliance company's valuation amid reports that Bosch was considering making an offer. Bitzer did not have a comment on the report, explaining, "We had rumors and speculation before, and we will also have in the future, but we just don't comment on speculation and rumors. I mean, we respect Bosch as a company and their appliances. We've been a competitor for many years, but that's a...
Although the revenue and EPS for Whirlpool (WHR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.