Aggregated price index with volume information
Summary:
- Supermarkets and Grocery Stores stocks up 0.1% on average while median return up -0.2% in a day
- Supermarkets and Grocery Stores stocks down 0.4% on average while median return down -0.1% in a week
- Supermarkets and Grocery Stores stocks down 0.8% on average while median return down 3.8% 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 $CASY 10.7%, $SFM 5.8%, $NGVC 2.1%
- 1M losers are : Losers for past month are $WMK -4.7%, $IMKTA -4.8%, $SYY -5.8%, $GO -7.0%
- 1W winners are : Winners for past week are $SFM 3.4%, $NGVC 1.1%, $GO 0.2%, $VLGEA 0.1%
- 1W losers are : Losers for past week are $WMK -0.8%, $KR -2.0%, $CASY -2.3%, $SYY -3.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.0%, for the past 3 months is 20.8%
In the past month for a 5 days rolling window, the highest corrrelation is 59.0%, the lowest correlation is -0.6%, the latest correlation is 55.1%
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 63.2% between KR and VLGEA
The lowest correlation is -50.7% between CASY and NGVC
Investors need to pay close attention to Sysco (SYY) stock based on the movements in the options market lately.
In this article, we will take a detailed look at the 25 Most Produced Foods in the World, with insights into the value and volume of food exports, the number of food export products, and the food export growth rate. For a quick overview of the 10 most produced foods, read our article 10 Most Produced […]
Instacart has made billions from its partnerships with supermarkets. The grocery delivery company started its initial public offering roadshow on Monday, with a targeted valuation below $10 billion, down from the $39 billion it fetched in a funding round in 2021. Instacart’s success depends in large part on whether supermarkets are happy enough to continue using the service.
Your next grocery bill will be slightly higher, especially if you want to pack your cart with protein.
A company that is capable of generating earnings well above its interest expense can withstand financial hardship. STRL, SFM, MOH and MCK are sound enough to meet financial obligations.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Companies in The News Are: AMZN, CASY, MRO, AAPL
The Kroger Co. (NYSE: KR) today announced the launch of Harvest Apple, a new limited edition Private Selection® line of products spicing up fall with a fresh new twist. Available now for a limited time, products can exclusively be shopped in-store only.
Casey’s General Stores, Inc. (NASDAQ:CASY) Q1 2024 Earnings Call Transcript September 12, 2023 Operator: Good day, and thank you for standing by. Welcome to the Q1 Fiscal Year 2024 Casey’s General Stores Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. […]