Aggregated price index with volume information
Summary:
- Restaurants stocks down 1.0% on average while median return down 0.4% in a day
- Restaurants stocks up 2.7% on average while median return up 1.0% in a week
- Restaurants stocks down 2.3% on average while median return down 0.8% 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 $SHAK 28.3%, $SBUX 27.8%, $KRUS 20.7%, $LOCO 16.7%, $YUMC 9.6%
- 1M losers are : Losers for past month are $DENN -15.2%, $RRGB -18.2%, $BJRI -18.9%, $PLAY -19.5%, $STKS -28.8%
- 1W winners are : Winners for past week are $SBUX 26.3%, $DAVE 18.6%, $BLMN 10.5%, $LOCO 10.4%, $PBPB 9.3%
- 1W losers are : Losers for past week are $BDL -3.1%, $FAT -3.7%, $BH -4.3%, $ARCO -5.4%, $CMG -5.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.4%, for the past 3 months is 16.3%
In the past month for a 5 days rolling window, the highest corrrelation is 42.2%, the lowest correlation is 7.9%, the latest correlation is 17.2%
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 85.7% between CBRL and DRI
The lowest correlation is -92.5% between CHUY and DPZ
NORTHAMPTON, MA / ACCESSWIRE / August 15, 2024 / Yum! Brands Daniel F. (Director, Technology) Taco Bell Blog Taco Bell International is home to over 1,100 restaurants in 31 countries outside the US. From building the brand in new markets, to disrupting ...
Starbucks, Chipotle Mexican Grill and Yum Brands are part of the Zacks Investment Ideas article.
Shake Shack (SHAK) benefits from robust same-shack sales, strategic expansion and innovative menu offerings.
Fans of Krispy Kreme (NASDAQ:DNUT) are familiar with the company's alluring red ‘hot now' sign, which indicates that its glazed doughnuts are fresh off the line in stores. But Krispy Kreme's future as an investment may be about far more than the green ...
Yum China Holdings Inc operates as a restaurant company in China. On the date of the insider's purchase, shares of Yum China Holdings Inc were priced at $33.36. The price-earnings ratio of Yum China Holdings Inc is 16.04, which is below both the industry median of 22.075 and the companys historical median.
Iconic American Pizza Brand's Growth Marks Significant Milestone in Middle East's Culinary Landscape DALLAS, TX / ACCESSWIRE / August 15, 2024 /Pizza Inn announced today a new multi-store Master Franchise Agreement partnership with Al Ruwad Hospitality ...
Starbucks burdened by slowing sales, will be welcoming new CEO Brian Niccol in September with a very generous pay package. Niccol, who has been leading Chipotle since 2018, will be paid a base salary of $1.6 million and a cash signing bonus of $10 million, according to Starbucks’ 8K filing Wednesday night. The bonus takes care of all the cash and stock vesting opportunities that Niccol, age 50, will be missing out on at Chipotle.
ARCO, CNMD and CVS have been added to the Zacks Rank #5 (Strong Sell) List on August 15, 2024.
The market is up 4.5% in the last 7 days, with all sectors gaining ground. In the last year, the market has climbed 22%, and earnings are forecast to grow by 15% annually. Identifying undervalued small-cap stocks with insider buying can offer unique opportunities for investors looking to capitalize on these favorable conditions.
(Reuters) -Chipotle Mexican Grill's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said. The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become CEO of Starbucks. On Thursday, hedge fund manager Bill Ackman, whose Pershing Square Capital Management is one of Chipotle's biggest investors with a 2.1% stake, said the company is in good hands with ...