Aggregated price index with volume information
Summary:
- Food: Specialty/Candy stocks up 0.1% on average while median return up -0.1% in a day
- Food: Specialty/Candy stocks down 0.5% on average while median return down 0.4% in a week
- Food: Specialty/Candy stocks down 3.8% on average while median return down 4.0% 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 $CVGW 6.9%, $FLO 6.5%, $PETZ 3.6%, $SENEA 3.2%, $FDP 1.7%
- 1M losers are : Losers for past month are $SJM -7.7%, $FRPT -8.5%, $STKL -9.5%, $HAIN -9.9%, $LW -20.8%
- 1W winners are : Winners for past week are $HAIN 6.0%, $PETZ 4.5%, $CVGW 4.2%, $MTEX 3.6%, $HSY 3.0%
- 1W losers are : Losers for past week are $UTZ -3.3%, $NOMD -4.1%, $SJM -4.2%, $CALM -6.1%, $STKL -9.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 11.5%, for the past 3 months is 9.3%
In the past month for a 5 days rolling window, the highest corrrelation is 26.0%, the lowest correlation is 0.8%, the latest correlation is 5.8%
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 79.4% between FLO and SJM
The lowest correlation is -54.4% between FREE and FRPT
Hain Celestial (HAIN) is enhancing its operations by consolidating manufacturing and streamlining SKUs globally as part of its strategy to streamline brand portfolios across the key categories.
Hershey's (HSY) strong brands and pricing leverage position it well for Q1 earnings, though cost inflation is a concern.
Makers of packaged food in the U.S. are pinning their hopes on a sales recovery later this year. Kraft Heinz on Wednesday reported results that didn’t go down well with Wall Street. Organic sales, which strip out currency and merger impacts, fell 0.5% from a year earlier in the first quarter.
Central Garden & Pet (CENT) faces challenges from deflation, changing consumer behavior and softer pet adoptions. However, the Garden segment is likely to showcase strength.
Kellanova's (K) slowing growth in certain categories, rising elasticities and a challenging operating landscape raise concerns ahead of first-quarter earnings, though brand strength is an upside.
Kraft Heinz (KHC) delivered earnings and revenue surprises of 1.47% and 0.13%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
As investors weigh the prospects of Kraft Heinz (KHC) ahead of its Q1 earnings release, the company faces several challenges like inflationary pressures, soft volumes and currency headwinds.
Thomasville, Ga., April 30, 2024 (GLOBE NEWSWIRE) -- Flowers Foods, Inc. (NYSE: FLO) will report its first quarter 2024 financial results on Thursday, May 16, 2024, after market close. On the same day, the company will host a live question and answer webcast at 5:00 p.m. Eastern. Please note the change from our normal timing due to a scheduling conflict. A link to the webcast, press release, pre-recorded remarks by management with accompanying transcript, and supporting slide presentation will b
Service Corporation's (SCI) first-quarter 2024 performance will likely reflect the adverse impact of moderation in consumer discretionary spending amid the rising interest rate environment.
Tastykake® is thrilled to announce its exciting collaboration with the upcoming Columbia Pictures/Alcon Entertainment film, The Garfield MovieTM, releasing exclusively in theaters May 24. This promotion brings together two beloved franchises – Garfield, which started as an adored comic strip and has spanned over four decades, and Tastykake, with more than 100 years of baking experience. The dynamic duo promises fans an irresistible fusion of humor and flavor.