Aggregated price index with volume information
Summary:
- Recreational Products stocks up 2.4% on average while median return up 2.1% in a day
- Recreational Products stocks up 5.9% on average while median return up 4.8% in a week
- Recreational Products stocks up 9.5% on average while median return up 10.0% 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 $JOUT 20.9%, $JAKK 18.3%, $MAT 18.1%, $WGO 15.3%, $DOOO 15.3%
- 1M losers are : Losers for past month are $FNKO -2.5%, $TTWO -4.3%, $CLAR -7.4%, $BHAT -11.9%
- 1W winners are : Winners for past week are $MAT 18.1%, $JAKK 12.3%, $JOUT 12.1%, $FOXF 8.5%, $HAS 8.2%
- 1W losers are : Losers for past week are $BHAT -2.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 36.2%, for the past 3 months is 22.6%
In the past month for a 5 days rolling window, the highest corrrelation is 54.5%, the lowest correlation is 8.9%, the latest correlation is 34.5%
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 91.0% between BC and MCFT
The lowest correlation is -31.5% between FNKO and PUNK
The average of price targets set by Wall Street analysts indicates a potential upside of 26.1% in Mattel (MAT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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It's been a pretty great week for Mattel, Inc. ( NASDAQ:MAT ) shareholders, with its shares surging 13% to US$18.93 in...
EL SEGUNDO, Calif. & CALGARY, Alberta, July 25, 2024--Mattel, Inc. (NASDAQ: MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, and A Parent Media Co. Inc. (APMC), the owner of the free Safe Streaming™ service, Kidoodle.TV, today jointly announced a streaming deal to add popular Mattel Television Studios series to Kidoodle.TV’s growing library.
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