Aggregated price index with volume information
- 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%
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...
A Relative Strength Rating upgrade for Academy Sports & Outdoors shows improving technical performance. Will it continue?
Signet (SIG) posts better-than-expected results for third-quarter fiscal 2024. However, same-store sales dropped 11.8% in the reported quarter.
Low steel prices and high costs are likely to be reflected in GMS' fiscal Q2 performance.
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.
(Bloomberg) -- American consumers are on the hunt for major deals this holiday season and they’re shifting their shopping patterns as a result, says the chief executive officer of the country’s largest jeweler. Most Read from BloombergTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsPutin Plans Visit to Gulf
Earnings were comfortably ahead of the Street's expectations as cost-saving initiatives start taking effect.
Shares of used-car retailer America’s Car-Mart (NASDAQ:CRMT) fell 25.5% in the morning session after the company reported second quarter results. Same-store sales missed, leading to a revenue shortfall vs. expectations. Most worrying was a huge step-up in provision for credit losses, which impacted margins and EPS. Management called out a "challenging economy" and added that the "persistent inflationary environment impacted existing customers, which was evident in our credit losses. This require