Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Sporting and Athletic Goods stocks up 3.1% on average while median return up 3.6% in a day
- Sporting and Athletic Goods stocks up 5.6% on average while median return up 4.7% in a week
- Sporting and Athletic Goods stocks up 10.5% on average while median return up 9.9% 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 $JOUT 20.9%, $JAKK 18.3%, $ESCA 14.9%, $AOUT 10.5%, $HAS 10.0%
- 1M losers are : Losers for past month are $YETI -2.2%, $CLAR -7.4%
- 1W winners are : Winners for past week are $JAKK 12.3%, $JOUT 12.1%, $HAS 8.2%, $GOLF 6.5%, $ESCA 4.8%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 46.4%, for the past 3 months is 25.9%
In the past month for a 5 days rolling window, the highest corrrelation is 71.5%, the lowest correlation is 14.7%, the latest correlation is 51.4%
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 78.8% between CLAR and JOUT
The lowest correlation is 3.3% between HAS and VSTO
HAS earnings call for the period ending June 30, 2024.
Q2 2024 Hasbro Inc Earnings Call
Shares of toy and entertainment company Hasbro (NASDAQ:HAS) jumped 9.3% in the afternoon session after the company reported a "beat and raise" quarter. Second-quarter earnings blew past analysts' revenue and EPS expectations. Moving on, it upgraded its full-year revenue guidance, which is a sign of confidence in the near-term demand for its offerings. Notably, the company raised full year 2024 guidance across key operating segments. Adjusted EBITDA was also raised. Zooming out, this was an impre
Hasbro (HAS) posted better-than-expected earnings for its second quarter with adjusted earnings of $1.22 per share against an expected $0.78. Some of those earnings are due in part to Hasbro's increased digital gaming presence. The Toy Book Editor-In-Chief James Zahn joins Wealth! to give insight into Hasbro's earnings and what investors can expect in the toy and retail sector moving forward. Zahn comments on the demand coming from Adults for games: "The adult audience has always been there for ...
Hasbro Lifts Full-Year Core Profitability Outlook as Quarterly Results Beat Estimates
Shares of Hasbro (HAS) are moving higher after the company posted a huge profit in Q2, reporting $1.22 per share, blowing away estimates of $0.77. The company reported revenue of $995.3 million, which topped expectations but was down 17.7% compared to the same period last year. Shares of Universal Media Group (UMGNF, UMG.AS) are dropping after the company posted disappointing second quarter results, with lower-than-expected streaming and subscription revenue. Subscription revenue growth slowed t...
Hasbro's (HAS) second-quarter fiscal 2024 top line reflects dismal performances of the Consumer Products and Entertainment segments
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While the top- and bottom-line numbers for Hasbro (HAS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The toymaker’s stock has gained double-digits this year as investors rally behind signs a turnaround plan is starting to pay off.