Aggregated price index with volume information
Summary:
- Specialty Stores stocks up 1.9% on average while median return up 1.9% in a day
- Specialty Stores stocks up 1.6% on average while median return up 1.7% in a week
- Specialty Stores stocks up 3.6% on average while median return up 0.7% 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 $WSM 34.5%, $AAP 31.8%, $DKS 25.7%, $BBW 24.6%, $BWMX 16.8%
- 1M losers are : Losers for past month are $KIRK -16.0%, $LL -17.8%, $SPWH -20.4%, $BGI -24.0%, $BGFV -25.0%
- 1W winners are : Winners for past week are $BGI 17.2%, $SIG 10.4%, $BGFV 7.0%, $ABG 6.9%, $CWH 6.4%
- 1W losers are : Losers for past week are $MNSO -4.4%, $ASO -4.7%, $KIRK -5.6%, $TITN -9.9%, $CHWY -11.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 15.4%, for the past 3 months is 20.8%
In the past month for a 5 days rolling window, the highest corrrelation is 33.4%, the lowest correlation is 11.1%, the latest correlation is 22.7%
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 85.2% between KMX and LAD
The lowest correlation is -45.6% between BBW and KMX
CORTE MADERA, Calif., March 27, 2024--RH (NYSE: RH) has released its financial results for the fourth quarter and fiscal year ended February 3, 2024, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at ir.rh.com.
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