Aggregated price index with volume information
Summary:
- Office Equipment/Supplies stocks up 1.5% on average while median return up 1.3% in a day
- Office Equipment/Supplies stocks up 4.1% on average while median return up 4.3% in a week
- Office Equipment/Supplies stocks up 21.2% on average while median return up 14.1% 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 $KEQU 37.9%, $PBI 36.2%, $HNI 23.3%, $VIRC 18.9%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $HNI 12.7%, $ACCO 6.5%, $TACT 5.1%, $KEQU 5.0%
- 1W losers are : Losers for past week are $JCI -0.3%, $PBI -0.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.3%, for the past 3 months is 14.9%
In the past month for a 5 days rolling window, the highest corrrelation is 43.6%, the lowest correlation is -1.1%, the latest correlation is 28.9%
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 75.1% between ACCO and HNI
The lowest correlation is -18.1% between JCI and TACT
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs. The post More layoffs at freight-related firms: 607 workers cut across 4 states appeared first on FreightWaves.
LAKE ZURICH, Ill., July 26, 2024--ACCO Brands Corporation Declares Quarterly Dividend
Q2 2024 HNI Corp Earnings Call
The transaction was documented in an SEC Filing. Following this sale, the insider now owns 549,776 shares of Steelcase Inc. Steelcase Inc is a global leader in office furniture, interior architecture, and space solutions for offices, hospitals, and classrooms.
HAMDEN, Conn., July 25, 2024--TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that it will release its second quarter 2024 results after the market closes on Thursday, August 8, 2024, and will host a conference call and simultaneous webcast at 4:30 p.m. ET that day. Both the call and webcast are open to the general public.
Xerox (XRX) delivered earnings and revenue surprises of -36.96% and 3.11%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
MUSCATINE, Iowa (AP) — HNI Corp. HNI) on Thursday reported net income of $36 million in its second quarter. On a per-share basis, the Muscatine, Iowa-based company said it had profit of 75 cents.
MUSCATINE, Iowa, July 25, 2024--HNI Corporation Reports Earnings for Second Quarter Fiscal Year 2024
LAKE ZURICH, Ill., July 25, 2024--ACCO Brands 2Q Earnings Webcast Announcement
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