Aggregated price index with volume information
Summary:
- Restaurants stocks up 0.2% on average while median return up 0.6% in a day
- Restaurants stocks down 1.0% on average while median return down 0.4% in a week
- Restaurants stocks down 3.2% on average while median return down 2.3% 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 $CHUY 45.0%, $STKS 22.5%, $DAVE 17.6%, $JACK 11.2%, $NATH 8.7%
- 1M losers are : Losers for past month are $WING -13.3%, $DPZ -19.6%, $CMG -24.3%, $RRGB -25.9%, $KRUS -34.8%
- 1W winners are : Winners for past week are $NDLS 7.5%, $JACK 5.4%, $KRUS 4.0%, $STKS 3.8%, $DENN 3.3%
- 1W losers are : Losers for past week are $QSR -6.5%, $SBUX -6.6%, $CMG -6.9%, $PLAY -7.1%, $BJRI -13.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 19.8%, for the past 3 months is 12.5%
In the past month for a 5 days rolling window, the highest corrrelation is 30.0%, the lowest correlation is 1.7%, the latest correlation is 20.2%
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 84.8% between CBRL and DENN
The lowest correlation is -76.5% between CHUY and DPZ
LAKE FOREST, Calif., July 25, 2024--Del Taco, the nation’s second largest Mexican quick-service restaurant by number of units, today announced continued new market sales momentum with three consecutive new store openings in Port Orange, FL, Tallahassee, FL, and Chesapeake, VA with each one setting the new company record for first week sales.
Chipotle is not alone, as consumers in California push back against higher menu prices.
Chipotle Mexican Grill (CMG) said that rolling its burritos faster helped boost sales last quarter, but struck a note of caution on margins. In midday trading, Chipotle’s stock was down 2.2% at $50.62. On the other hand, Chipotle said that building more locations and running its stores more efficiently brought in more orders in the three months ended June 30.
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Shares of Chipotle Mexican Grill (CMG) are moving towards the downside despite posting a second quarter earnings beat revealing an 18.2% rise in revenue and an 11.1% rise in same-store sales year-over-year. Chipotle CFO Jack Hartung joins Morning Brief alongside Yahoo Finance executive editor Brian Sozzi to discuss the fast-casual chain's earnings, as well as Chipotle's strategies around pricing, new menu items, and incentives to get customers in and out the door with a full stomach. "We did see...
The company's total revenue reached $3bn, a year-on-year rise of more than 18%.
The performance of McDonald's and other fast food chains' value meal launches will be closely watched when the U.S. restaurants report quarterly results over the next few weeks. McDonald's, Burger King and other chains have been scrambling to improve traffic as soaring menu prices put off diners, especially from the lower-income group. In the past few months, McDonald's extended its $5 value meal into August after its launch in June 25, while rival Burger King began offering a $5 "Your Way Mea...
Celebrating the Best of the Best from around the world. NORTHAMPTON, MA / ACCESSWIRE / July 25, 2024 / Yum! Brands Taco Bell blog A few months ago, we celebrated the top 200+, Best of the Best Restaurant General Managers and Area Coaches from around ...
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