Aggregated price index with volume information
- Food Distributors stocks down 1.2% on average while median return down -0.4% in a day
- Food Distributors stocks up 5.5% on average while median return up 3.9% in a week
- Food Distributors stocks up 6.5% on average while median return up 8.2% 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 $HFFG 17.7%, $CHEF 14.2%, $PFGC 9.6%, $SYY 9.2%
- 1M losers are : Losers for past month are $SPTN -1.1%, $HLF -2.0%
- 1W winners are : Winners for past week are $NUZE 29.3%, $UNFI 7.4%, $HFFG 6.9%, $SPTN 5.4%
- 1W losers are : Losers for past week are
Index correlation analysis
Correlation for the past month is 14.7%, for the past 3 months is 20.9%
In the past month for a 5 days rolling window, the highest corrrelation is 48.8%, the lowest correlation is 1.5%, the latest correlation is 6.6%
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 76.6% between PFGC and USFD
The lowest correlation is -47.3% between CHEF and SAGA
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