Aggregated price index
Aggregated price index with volume information
Summary:
- Online Furniture stocks down 2.4% on average while median return down 2.5% in a day
- Online Furniture stocks up 6.7% on average while median return up 6.7% in a week
- Online Furniture stocks down 23.2% on average while median return down 18.8% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $W -32.1%
- 1W winners are : Winners for past week are $OSTK 12.5%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 8.7%, for the past 3 months is 51.3%
In the past month for a 5 days rolling window, the highest corrrelation is 90.6%, the lowest correlation is -53.5%, the latest correlation is 14.4%
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 8.7% between OSTK and W
The lowest correlation is 8.7% between OSTK and W
Stock news
Guru investors were loading up on Chewy and Wayfair in the 4th quarter
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Wayfair (NYSE: W) stock plummeted 23% the day after the company released its Q4 and full-year results for 2022. Its dramatic drop in earnings prompted investors to dump shares of the Boston-based furniture and home goods retailer. The question for investors is whether Wayfair is worth a speculative buy or a company they need to avoid.
These days, the U.S. economy isn’t looking so hot. Inflation is still red-hot. The Federal Reserve will more than likely keep its foot on the gas with interest rates. And more than half of Americans are now forced to live paycheck to paycheck. So, it comes as no real surprise that companies, like Walmart, sounded the alarm. Granted, the retail behemoth reported strong top and bottom-line growth in its most recent quarter, but it also warned shoppers are feeling the squeeze of higher prices. With
Stocks typically get a boost in the trading session immediately after layoff announcements but cuts don't guarantee lasting gains.
Wayfair (NYSE: W) pioneered the art of losing gobs of money selling furniture and other home goods online before the pandemic. While the company's revenue was growing at a brisk pace prior to early 2020, every other metric was moving in the wrong direction. In 2019, Wayfair posted a net loss of nearly $1 billion on $9.1 billion of revenue, and free cash flow was just shy of -$600 million.
Needham analyst Anna Andreeva reiterated a Buy rating on the shares of Wayfair Inc (NYSE: W) with a price target of $70. The management has called out seeing consistent seasonality QTD at "core U.S. Wayfair" based on '19. This suggests international has further deteriorated QTD on a y/y basis to down 40's levels never seen in this business, noted the analyst. Similarly, 4Q22 was consistent with historical seasonality, orders increasing 25% and U.S. revenue +10%, both on a sequential basis. If '1
Wayfair's (W) fourth-quarter results reflect a decline in its domestic and international revenues.
Citi analyst Ygal Arounian is 'confident in the cost initiatives and that better days are ahead for Wayfair.'
The stock market has turned on a dime a lot during 2023, and the trend continued on Thursday. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also pulled out of negative territory at midday to post modest gains. On Thursday, both Wayfair (NYSE: W) and Unity Software (NYSE: U) saw their stocks drop sharply, belying the idea that they could evolve to become the leaders of tomorrow.