Aggregated price index with volume information
- Jewelry Stores stocks down 0.1% on average while median return down 0.1% in a day
- Jewelry Stores stocks down 1.3% on average while median return down 1.6% in a week
- Jewelry Stores stocks up 8.1% on average while median return up -4.8% 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 $SIG 2.7%
- 1M losers are : Losers for past month are $ELA -12.3%
- 1W winners are : Winners for past week are $ELA 0.6%
- 1W losers are : Losers for past week are $SIG -3.8%
Index correlation analysis
Correlation for the past month is 0.6%, for the past 3 months is 1.8%
In the past month for a 5 days rolling window, the highest corrrelation is 80.4%, the lowest correlation is -43.8%, the latest correlation is -34.4%
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 19.9% between BGI and SIG
The lowest correlation is -29.6% between ELA and SIG
Signet (SIG) continues to benefit from its solid digital efforts. SIG's Inspiring Brilliance growth strategy appears impressive as well.
On September 12, 2023, Virginia Drosos, CEO of Signet Jewelers Ltd (NYSE:SIG), sold 10,000 shares of the company.
Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced that it has entered into an agreement to acquire Steven Kretchmer, Inc., a well-established jewelry manufacturer, which will help diversify and enhance Envela's Consumer Division. Under the terms of the agreement, Claudia Kretchmer and the current Kretchmer management team will continue to lead the company.
Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today announced that Claudia Kretchmer has been named as Artistic Director of Jewelry for its Consumer Division.
There's no sure thing in investing, but one of the best ways to make money in the stock market is by finding an undervalued stock that has a clear path to growth. One such stock now is Signet Jewelers (NYSE: SIG), the world's largest retailer of diamond jewelry. Signet owns brands like Kay, Zales, Jared, Diamonds Direct, and Blue Nile, giving it a scale advantage in a fragmented industry and the ability to leverage digital sales in a way that independent jewelers can't.
NEW YORK, NY / ASSESSWIRE / September 8, 2023 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced the Company will be participating in Lake Street Capital Markets' 7th Annual Best Ideas Growth (BIG7) Conference on Thursday, September 14, 2023. The conference is being held at The Yale Club in New York City.Management will be available for one-on-one and group meetings with investors throughout the day.
Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") today announced the Company will be participating in the B.
Is the Stock Modestly Overvalued?
Signet Jewelers Limited (NYSE: SIG), the world's largest retailer of diamond jewelry, today announced that it will participate at the Goldman Sachs 30th Annual Global Retailing Conference on Wednesday, September 13, 2023. Virginia C Drosos, Chief Executive Officer, and Joan Hilson, Chief Financial, Strategy and Services Officer will present at 8:15 AM Eastern Time.
In this article, we’ll discuss the top 15 jewelry exporting countries in the world. If you want to skip all the details about the jewelry market and the major players in the jewelry industry, then head straight to Top 5 Jewelry exporting countries in the World. Jewelry has deep-rooted historical significance, tracing its presence in […]