Aggregated price index with volume information
Summary:
- Food Distributors stocks up 1.1% on average while median return up 0.7% in a day
- Food Distributors stocks up 1.6% on average while median return up 2.0% in a week
- Food Distributors stocks down 6.0% on average while median return down 6.5% 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 $USFD -7.1%, $PFGC -10.9%, $CHEF -12.1%, $UNFI -23.0%
- 1W winners are : Winners for past week are $HLF 9.1%, $NUZE 7.4%, $SPTN 4.9%, $HFFG 3.2%
- 1W losers are : Losers for past week are $USFD -1.0%, $PFGC -1.1%, $CHEF -4.0%, $UNFI -6.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.7%, for the past 3 months is 13.1%
In the past month for a 5 days rolling window, the highest corrrelation is 39.9%, the lowest correlation is 0.7%, the latest correlation is 25.5%
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 95.9% between PFGC and USFD
The lowest correlation is -24.0% between HLF and SAGA
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LOS ANGELES, April 06, 2024--Herbalife Ltd. (NYSE: HLF) (the "Company"), a premier health and wellness company, community and platform, today announced it is in the process of completing its previously announced $1.2 billion secured refinancing, which is expected to include a $400 million, 5-year senior secured Term Loan B facility. In addition, the Company intends to refinance its current $330 million senior secured revolving credit facility maturing in March 2025, with a $400 million, 4-year s
LOS ANGELES, April 06, 2024--Herbalife Ltd. (NYSE: HLF) (the "Company"), a global health and wellness company, today announced the upsizing and pricing of the previously announced offering by HLF Financing SaRL, LLC and Herbalife International, Inc., each a wholly owned subsidiary of the Company, of $800 million aggregate principal amount of senior secured notes due 2029 (the "Notes") at a price to the public of 97.298% of par. The aggregate principal amount of the Notes to be issued in the offe
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