Aggregated price index with volume information
Summary:
- Gun stocks up 1.3% on average while median return up 1.3% in a day
- Gun stocks up 3.6% on average while median return up 3.6% in a week
- Gun stocks up 11.5% on average while median return up 7.0% 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 $RGR 9.3%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $RGR 4.4%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 1.7%, for the past 3 months is 17.5%
In the past month for a 5 days rolling window, the highest corrrelation is 75.7%, the lowest correlation is -88.2%, the latest correlation is -47.1%
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 1.7% between RGR and VSTO
The lowest correlation is 1.7% between RGR and VSTO
Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common stock, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today stated its belief that the $42 all-cash offer for Vista from MNC Capital Partners, L.P. ("MNC") is superior to the proposed sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG") and reiterated its opposition to the CSG proposal.
Czechoslovak Group ("CSG"), a leading global industrial holding company, which recently increased its offer for Vista Outdoor Inc.'s (NYSE: VSTO) ("Vista Outdoor") The Kinetic Group to $2.15 billion, today reaffirmed its strong commitment to successfully completing the acquisition. CSG believes its fully financed bid maximizes the value that will be received by Vista Outdoor shareholders, and that the transaction can be completed in early August.
ANOKA, Minn., July 22, 2024--Vista Outdoor Inc. today issued a statement in response to MNC Capital to set the record straight.
Vista Outdoor said it received an increased offer for its ammunition unit, The Kinetic Group, from Prague-based Czechoslovak Group.
ANOKA, Minn., July 22, 2024--Vista Outdoor announced that on July 21, 2024, the Company entered into an amendment to the merger agreement with Czechoslovak Group a.s. ("CSG").
Vista was set to approve the sale of its ammunition company to CSG after the Committee on Foreign Investment approved the deal on June 25. Now the support for the sale is up in the air.
Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today reiterated its opposition to the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG") in a letter sent to the Vista Board of Directors.
Proxy advisory firm Glass Lewis has recommended Vista Outdoor shareholders to vote in favor of the proposed merger of the company's ammunition unit with Czechoslovak Group (CSG), in a report seen by Reuters on Thursday. Glass Lewis, which previously recommended stockholders to abstain from voting for the deal with Prague-based defense firm CSG on July 23, wrote that the support would be "the best option" to maximize shareholder value at this time. "With CSG having further raised its offer pric...
ANOKA, Minn., July 18, 2024--Vista Outdoor announced that proxy advisory firm Glass Lewis & Co. recommends stockholders vote "FOR" the proposed sale of The Kinetic Group to CSG.
Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today sent a letter to the Vista Board of Directors (the "Board") regarding its intention to vote AGAINST the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG").