Aggregated price index with volume information
Summary:
- Specialty Stores stocks up 0.8% on average while median return up 0.4% in a day
- Specialty Stores stocks up 5.0% on average while median return up 3.5% in a week
- Specialty Stores stocks down 5.2% on average while median return down 2.4% 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 $CVNA 20.7%, $LESL 14.8%, $GPI 14.0%, $LAD 10.8%, $HVT 10.6%
- 1M losers are : Losers for past month are $KIRK -17.1%, $EYE -18.5%, $SPWH -21.6%, $BGFV -28.1%, $ODP -29.5%
- 1W winners are : Winners for past week are $BGFV 28.9%, $SBH 24.3%, $ULTA 17.1%, $CVNA 14.7%, $ODP 13.9%
- 1W losers are : Losers for past week are $WSM -2.2%, $MNSO -3.5%, $KIRK -4.7%, $MED -6.1%, $TITN -7.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 29.4%, for the past 3 months is 19.6%
In the past month for a 5 days rolling window, the highest corrrelation is 49.6%, the lowest correlation is 7.4%, the latest correlation is 25.0%
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 91.5% between ABG and AN
The lowest correlation is -49.3% between GME and LAZY
BOLINGBROOK, Ill., August 16, 2024--Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that its financial results for the second quarter of fiscal 2024 will be released Thursday, August 29, 2024, after the market closes. The Company will host a conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the financial results.
WASHINGTON (Reuters) -The U.S. Federal Trade Commission sued Asbury Automotive Group on Friday, alleging that three of its dealerships in Texas charged Black and Latino customers higher prices than others, and routinely added services to customers' contracts without their consent. Up to 75 percent of customers of David McDavid Ford dealership in Fort Worth, and Honda dealerships in Irving and Frisco, Texas, reported being charged without their permission for services such as protective coatings...
SAN FRANCISCO, August 16, 2024--Williams-Sonoma, Inc. (NYSE: WSM) announced today that it will release its second quarter results on Thursday, August 22nd, 2024 before the market opens. Following the release via the wire services, the Company will host a conference call beginning at 10:00 AM Eastern Time, which can be accessed at http://ir.williams-sonomainc.com/events. Following the call, a replay of the webcast will be available at http://ir.williams-sonomainc.com/events beginning at 12:00 PM
On Friday, Sally Beauty stock received an upgrade to its Relative Strength (RS) Rating, from 63 to 84. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score.
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