Aggregated price index with volume information
Summary:
- Home Improvement Chains stocks down 0.3% on average while median return down -0.6% in a day
- Home Improvement Chains stocks down 4.1% on average while median return down 3.9% in a week
- Home Improvement Chains stocks down 8.1% 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
- 1M losers are : Losers for past month are $FND -12.3%, $HD -12.8%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $DINO -5.2%, $TTSH -8.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.2%, for the past 3 months is 40.5%
In the past month for a 5 days rolling window, the highest corrrelation is 76.9%, the lowest correlation is 13.5%, the latest correlation is 13.5%
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 90.9% between HD and LOW
The lowest correlation is 8.6% between DINO and FND
In the closing of the recent trading day, Home Depot (HD) stood at $332.89, denoting a +0.02% change from the preceding trading day.
ATLANTA, April 18, 2024--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 warehouse location in Washington, with the addition of its newest location in Bremerton at 4324 Wheaton Way. The warehouse store and design center will open with a team of about 36 full-time and part-time associates led by Tommy Paasche, the store Chief Executive Merchant.
Originally published on Built From Scratch NORTHAMPTON, MA / ACCESSWIRE / April 18, 2024 / 42 Historically Black Colleges and Universities (HBCUs) will enhance their campuses this year after being awarded nearly $3 million in grants from The Home ...
Selling this spread would generate roughly $65 in premium which would be a 15% return in five months.
To capture the hearts and minds of consumers through a shared love for soccer, Lowe's is delivering a hat trick for soccer fans. Lowe's is partnering with the best soccer player in the world, Lionel Messi, Major League Soccer Club Inter Miami CF and the upcoming CONMEBOL Copa América 2024 USA™.
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The latest trading day saw Lowe's (LOW) settling at $228.86, representing a +0.22% change from its previous close.
ATLANTA, April 17, 2024--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 seventh warehouse location in Colorado, with the addition of its newest location in Lone Tree at 8583 S Yosemite Street. The warehouse store and design center will open with a team of about 50 full-time and part-time associates led by Michael Abernathy, the store Chief Executive Merchant.
Home Depot (HD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. The composite returned 7.63% gross of fees (7.56% net of fees) in the first quarter trailing the 8.99% return of the Russell 1000 Value Index and the 10.56% return […]