Aggregated price index with volume information
Summary:
- Specialty Stores stocks down 2.6% on average while median return down 2.4% in a day
- Specialty Stores stocks up 3.2% on average while median return up 2.1% in a week
- Specialty Stores stocks up 9.1% on average while median return up 3.9% 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 $KIRK 90.5%, $HIBB 26.7%, $WSM 26.5%, $ULTA 24.8%, $ELA 20.6%
- 1M losers are : Losers for past month are $BBW -8.2%, $YSG -10.5%, $CRMT -10.7%, $CHWY -12.8%, $MNSO -22.3%
- 1W winners are : Winners for past week are $KIRK 38.8%, $CVNA 22.6%, $LAZY 16.7%, $ULTA 15.2%, $ASO 11.8%
- 1W losers are : Losers for past week are $EYE -3.8%, $BBW -8.4%, $LESL -11.2%, $CRMT -14.3%, $MNSO -17.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.9%, for the past 3 months is 25.1%
In the past month for a 5 days rolling window, the highest corrrelation is 54.4%, the lowest correlation is 7.9%, the latest correlation is 33.2%
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 92.6% between ABG and AN
The lowest correlation is -71.0% between BWMX and IAA
BASKING RIDGE, N.J., December 05, 2023--Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today announced the Company has adjusted the time of its second quarter fiscal year 2024 earnings investor conference call to 4:30 p.m. Eastern Time on Wednesday, December 6, 2023, from Wednesday, December 6, 2023, at 8:30 a.m. Eastern Time. The Company expects to release its fiscal year 2024 second quarter earnings results on Wednesday, December 6, 2023,
America's Car-Mart (NASDAQ: CRMT) stock turned into a one-car pileup on the Nasdaq freeway on Tuesday as its stock tumbled 17.2% through 2 p.m. ET after reporting a surprise Q2 loss. Heading into its fiscal Q2 2024, analysts were thinking things were looking pretty good for America's Car-Mart, forecasting a $0.78-per-share profit on sales of $363.7 million. Despite missing on sales and selling 4.6% fewer cars in fiscal Q2 2024 than it had sold in fiscal Q2 2023 a year ago, America's Car-Mart s...
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Joining us on the call today are Rob Ballew, senior vice president of investor relations; Gina Drosos, chief executive officer; and Joan Hilson, chief financial, strategy, and services officer. Please go ahead, sir.
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