Aggregated price index with volume information
- Furniture Stores stocks up 0.2% on average while median return up 0.1% in a day
- Furniture Stores stocks down -0.0% on average while median return down -0.2% in a week
- Furniture Stores stocks down 15.4% on average while median return down 12.4% 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 $RH -25.7%
- 1W winners are : Winners for past week are $RH 0.2%
- 1W losers are : Losers for past week are $HVT -0.4%
Index correlation analysis
Correlation for the past month is 9.0%, for the past 3 months is 16.2%
In the past month for a 5 days rolling window, the highest corrrelation is 93.8%, the lowest correlation is -34.1%, the latest correlation is 60.4%
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 34.4% between AAN and HVT
The lowest correlation is -23.4% between AAN and RH
Aaron's (AAN) new GenNext store in Arkansas offers better in-store customer experience and helps expand its customer base.
CORTE MADERA, Calif., September 26, 2023--RH (NYSE: RH), the leading global design and hospitality brand, provided an update regarding its intention to reimagine and restore One Ocean Drive, Miami Beach and the ongoing RFP process for this iconic public property.
Williams-Sonoma (WSM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the opening of its newest company-operated Aaron's GenNext store in Fort Smith, Arkansas.
The market is overlooking important strengths of these companies that could pay off for patient investors.
On September 12, 2023, Carlos Alberini, a director at RH, sold 25,000 shares of the company's stock.
Formerly known as Restoration Hardware, high-end furniture retailer RH (NYSE: RH) has been embarking on a major brand transformation and expansion over the past few years. In 2023, sales and profits are on the decline, even as the company spends big to expand its brand. Management decided to spend most of its cash on a massive share repurchase in the second quarter.
In May, business conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) revealed that it had sold its entire investment in RH stock -- nearly 2.4 million shares valued at over $600 million at the time. Forbes took this and ran the headline, "Bad Omen For Home Furnishings As Berkshire Hathaway Dumps Its RH Stock," showing how this was perceived by the market. Berkshire Hathaway is run by famous investor Warren Buffett.
The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the appointment of Russell Falkenstein to the position of Executive Vice President, Chief Operating Officer, Lease-to-Own for the Company, effective immediately. In this new position, Falkenstein will oversee all lease-to-own operations at Aaron's and BrandsMart Leasing.
The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the appointment of Wangdali (Wali) Bacdayan and Kristine (Kris) K. Malkoski to its Board of Directors effective on October 1, 2023.