Aggregated price index with volume information
Summary:
- Furniture Stores stocks up 3.1% on average while median return up 1.4% in a day
- Furniture Stores stocks up 3.5% on average while median return up 3.0% in a week
- Furniture Stores stocks up 15.1% on average while median return up 13.1% 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 $RH 28.2%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $HVT 7.0%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.9%, for the past 3 months is 8.9%
In the past month for a 5 days rolling window, the highest corrrelation is 83.2%, the lowest correlation is -26.1%, the latest correlation is 31.9%
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 45.9% between HVT and RH
The lowest correlation is 27.0% between AAN and RH
The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods, today announced the grand opening of a new BrandsMart U.S.A. store in Kennesaw, Georgia, on Saturday, July 20th.
The Aaron's Company, Inc. (NYSE: AAN; "the Company"), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will release its second quarter 2024 results after market close on Monday, August 5, 2024.
RH is reeling under weak demand and incurring high expenses. Will the stock be able to secure a path for sustained growth, given its product transformation and strategic expansion initiatives?
Shares of luxury furniture retailer RH (NYSE:RH) jumped 7.5% in the afternoon session after investors seem to be rotating out of large-cap tech winners like NVDA, GOOGL, and MSFT and into smaller cap stocks, with housing stocks as a bright spot in particular.
As the S&P 500 and Nasdaq Composite recently hit record highs, buoyed by optimism around potential interest rate cuts and strong performances in sectors like chipmaking, the U.S. stock market presents a complex landscape for investors. In this environment, growth companies with significant insider ownership can offer unique investment appeal, as high insider stakes often align management’s interests with those of shareholders.
RH ( NYSE:RH ) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Gary Friedman...
Following this transaction, the insider now owns 3,351,337 shares of RH. RH, formerly known as Restoration Hardware, is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. This purchase reflects a significant investment by the insider in the company.
Shares of luxury furniture retailer RH (NYSE:RH) jumped 8.9% in the morning session after CEO Gary Friedman bought more than $10 million of the company's shares at an average of $216.10 per share. The recent purchase put his ownership at a little above a quarter of all the company's outstanding shares. The CEO's purchase of RH stock can be considered a bullish signal, as it demonstrates increased confidence in the company's future. It could also indicate that the CEO thinks shares are undervalue
CORTE MADERA, Calif., June 27, 2024--RH announced today that Chairman & CEO Gary Friedman completed the purchase of $10 million of RH stock at an average price per share of $216.10 representing 46,274 shares.
Is it time to buy retail stocks to buy on the dip? Amid high uncertainty surrounding the near-term prospects of both consumer discretionary retailers, as well as historically recession-resistant retailers like discount stores and grocery stores, this may be a question on your mind. With consumer discretionary retailers, headlines discussing a slowdown in U.S. consumer spending call into question the merits in buying such names at this point in the economic cycle. That’s not all. Many consumer di