Aggregated price index with volume information
Summary:
- Home Improvement Chains stocks down 0.6% on average while median return down 0.4% in a day
- Home Improvement Chains stocks down 0.4% on average while median return down 1.1% in a week
- Home Improvement Chains stocks down 5.7% on average while median return down 8.6% 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 $DINO 2.1%
- 1M losers are : Losers for past month are $LOW -9.8%, $FND -10.7%
- 1W winners are : Winners for past week are $FND 1.1%, $TTSH 0.5%
- 1W losers are : Losers for past week are $HD -1.2%, $LOW -1.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.0%, for the past 3 months is 17.3%
In the past month for a 5 days rolling window, the highest corrrelation is 59.8%, the lowest correlation is -19.5%, the latest correlation is 54.9%
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 86.5% between HD and LOW
The lowest correlation is -29.7% between DINO and FND
In this article, we discuss what is a covered call and 10 best stocks to buy or covered calls. You can skip our detailed analysis of the covered call strategy and its performance over the years, and go directly to read 5 Best Stocks for Covered Calls. What is a Covered Call Strategy? A covered […]
Oracle, AbbVie, Lowe's Companies, Ecolab and Motorola Solutions are part of the Zacks top Analyst Blog .
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Over the past year, many Lowe's Companies, Inc. ( NYSE:LOW ) insiders sold a significant stake in the company which may...
In the latest trading session, Lowe's (LOW) closed at $207.78, marking a +0.4% move from the previous day.
Home Depot (HD) closed the most recent trading day at $303.49, moving +0.55% from the previous trading session.
ATLANTA, September 28, 2023--Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its fourth store in Pennsylvania , with the addition of its newest location in Springfield Township, Pennsylvania. Located at 750 W Sproul Road, it is the fourth store in the Philadelphia metropolitan area. The warehouse store and design center will open with a team of about 50 full-time and part-time a
Today's Research Daily features new research reports on 16 major stocks, including Oracle Corporation (ORCL), AbbVie Inc. (ABBV) and Lowe's Companies, Inc. (LOW).
Sinclair Oil (Sinclair), an HF Sinclair (NYSE:DINO) brand, today announced a second-year initiative supporting Folds of Honor, a nonprofit organization that helps provide educational scholarships to the families of fallen and disabled service members and first responders.
NORTHAMPTON, MA / ACCESSWIRE / September 28, 2023 / Sept. 28, 2023, marks the first anniversary of Hurricane Ian. Over the past 12 months, The Home Depot Foundation has teamed up with local nonprofits to help communities in southwest Florida recover ...