Aggregated price index with volume information
Summary:
- Food: Major Diversified stocks up 1.4% on average while median return up 0.9% in a day
- Food: Major Diversified stocks up 0.7% on average while median return up 0.9% in a week
- Food: Major Diversified stocks up 0.7% on average while median return up 2.9% 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 $BGS 6.8%, $THS 5.6%, $CAG 5.1%, $GIS 3.4%, $KHC 3.2%
- 1M losers are : Losers for past month are $MDLZ -0.3%, $BYND -2.3%, $SMPL -6.6%
- 1W winners are : Winners for past week are $BGS 4.3%, $GIS 3.0%, $THS 2.3%, $BYND 2.1%, $CAG 1.0%
- 1W losers are : Losers for past week are $MDLZ -0.1%, $K -0.8%, $SMPL -5.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.0%, for the past 3 months is 33.2%
In the past month for a 5 days rolling window, the highest corrrelation is 69.1%, the lowest correlation is 3.7%, the latest correlation is 25.9%
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 82.6% between K and KHC
The lowest correlation is -4.1% between BYND and GIS
In the closing of the recent trading day, Kraft Heinz (KHC) stood at $33.05, denoting a +0.76% change from the preceding trading day.
Lamb Weston's (LW) fourth-quarter fiscal 2024 results reflect lower earnings and sales on more-than-anticipated market share losses and a slowdown in restaurant traffic.
Kraft Heinz (KHC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mondelez's (MDLZ) Q2 results are likely to reflect the impacts of a tough operating landscape and input cost inflation, while pricing is likely to have aided the performance.
Inter Parfums' (IPAR) sales have increased year over year in second-quarter 2024, driven by ongoing momentum in the fragrance market.
CHICAGO, July 23, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) today announced the appointment of Filippo Catalano as Chief Information and Digital Officer (CIDO). Reporting directly to Chair and Chief Executive Officer Dirk Van de Put, Catalano will be responsible for accelerating the company’s global technology transformation to drive long-term growth. He will join the organization later this year. “We’re delighted to welcome Filippo in further advancing our enterprise-wide t
Mondelez (MDLZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kimberly-Clark's (KMB) second-quarter 2024 results reflect higher earnings on increased operating profit. Taking into account solid first-half results, management raised its annual profit view.
Packaging companies are increasingly in the news with their efforts to improve sustainability and introduce innovation. Analysts at GlobalData’s Intelligence Centre have identified the top ten companies that are influencing the packaging industry using a host of data from online engagement and number of mentions, to qualitative expert analysis.
PITTSBURGH & CHICAGO, July 23, 2024--Today, Kraft Heinz is introducing pancake-inspired IHOP® syrups to homes across the country, making breakfast at home just as delicious as dining out. The classic combination of IHOP pancakes and syrup has long been a favorite among breakfast lovers, with IHOP selling more than 400 million pancakes per year. Now, with the introduction of IHOP Original and Butter Pecan syrups to grocery shelves nationwide, it’s easier than ever to bring the flavors you know an