Aggregated price index
Aggregated price index with volume information
Summary:
- Food: Major Diversified stocks down 0.4% on average while median return down -0.0% in a day
- Food: Major Diversified stocks down 4.1% on average while median return down 2.8% in a week
- Food: Major Diversified stocks down 12.9% on average while median return down 6.3% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $MDLZ 1.8%, $SMPL 0.6%
- 1M losers are : Losers for past month are $THS -8.0%, $CAG -8.1%, $BGS -17.4%, $BYND -23.6%, $TTCF -64.7%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $BYND -3.4%, $SMPL -3.8%, $GIS -3.9%, $THS -4.3%, $TTCF -17.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.0%, for the past 3 months is 27.9%
In the past month for a 5 days rolling window, the highest corrrelation is 44.8%, the lowest correlation is -6.9%, the latest correlation is 44.8%
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 69.7% between CPB and THS
The lowest correlation is -18.8% between BGS and SMPL
Stock news
Pricing actions, productivity initiatives and investment in growth and acquisitions remain key drivers for International Flavors (IFF).
B&G Foods (BGS) is poised to benefit from business transition initiatives, pricing actions and strategic partnerships. Softness in its Green Giant, Crisco and Ortega units remains a concern.
Costco (COST) registers a comparable sales increase of 0.3% in the third quarter of fiscal 2023. Meanwhile, comparable e-commerce sales decrease 10% in the quarter.
Hormel Foods' (HRL) second-quarter results are likely to reflect the impacts of cost inflation and supply-chain hurdles, while favorable demand for the company's brands is likely to have been an upside.
Online grocery sales are increasing on higher average orders, which is likely to help stocks like Conagra Brands (CAG), The Kraft Heinz Company (KHC), Lamb Weston Holdings (LW) and McCormick & Company (MKC).
In the Oracle of Omaha's view, diversification is only necessary if you don't know what you're doing.
Hot dogs, potato chips, hamburger buns — pretty much everything — will cost Americans more this Memorial Day weekend.
Kroger (KR) has been adding new products as well as eyeing technological expansion to enhance its omnichannel reach.
PITTSBURGH & CHICAGO, May 25, 2023--The Kraft Heinz Company announces participation at Bernstein’s 39th Annual Strategic Decisions Conference.
As the debt-ceiling crisis looms large, investing in recession-proof, low-beta, dividend-paying stocks like Kraft Heinz (KHC), Conagra Brands (CAG) and NiSource (NI) seems prudent for a steady income.