Aggregated price index with volume information
Summary:
- Textiles stocks up 2.0% on average while median return up 0.7% in a day
- Textiles stocks up 2.6% on average while median return up 4.1% in a week
- Textiles stocks up 11.2% on average while median return up 11.0% 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 $CULP 14.0%, $NNDM 12.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $NNDM 7.4%, $UFI 4.6%
- 1W losers are : Losers for past week are $CULP -4.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 21.5%, for the past 3 months is 16.2%
In the past month for a 5 days rolling window, the highest corrrelation is 55.2%, the lowest correlation is -16.1%, the latest correlation is 32.6%
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 47.0% between CULP and NNDM
The lowest correlation is 5.3% between NNDM and UFI
HIGH POINT, N.C., July 22, 2024--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, "CULP") today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024, following the planned succession of retiring division president, Boyd Chumbley. Hunsberger joined CULP in January 2024 as the Executive Vice President of the division and has worked closely with Chumbley over the past six months.
Investors need to pay close attention to Albany International (AIN) stock based on the movements in the options market lately.
Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Albany (NYSE:AIN) and its peers.
ROCHESTER, N.H., July 16, 2024--Albany International Corp. (NYSE:AIN) will release 2024 second-quarter results Tuesday, August 6, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Wednesday, August 7, 2024. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.
Smart fabric stocks include firms that manufacture and market textiles. These textiles are embedded with such components as sensors, actuators, and electronic textiles. These textiles have many uses which include in health monitoring, sports and fitness, fashion, and even in the military. The production of smart textiles for use in health is an area that is presently experiencing a lot of growth. These fabrics are embedded with sensors that are useful in tracking the vital signs of an individual
Key Insights Using the 2 Stage Free Cash Flow to Equity, Unifi fair value estimate is US$6.21 Current share price of...
The 3D-printing and additive manufacturing specialist announced encouraging preliminary sales results and a new acquisition.
WALTHAM, Mass. & BOSTON, July 03, 2024--Nano Dimension Ltd. (Nasdaq: NNDM) ("Nano Dimension" or "Nano") and Desktop Metal, Inc. (NYSE: DM) ("Desktop Metal") today jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Desktop Metal in an all-cash transaction for $5.50 per share, subject to possible downward adjustments to $4.07 per share, as described below.
Revenue of Approximately $14.8 Million – Up 11% From the Previous Quarter Signals Strong Sales In spite of Industry Headwinds Waltham, Mass., July 03, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a preview of its financial results on a preliminary basis for the seco
As an investor, mistakes are inevitable. But you have a problem if you face massive losses more than once in a while...