Aggregated price index with volume information
- Textiles stocks up 1.2% on average while median return up -1.3% in a day
- Textiles stocks up 1.3% on average while median return up 0.5% in a week
- Textiles stocks down 0.4% on average while median return down 1.8% 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 $AIN 0.5%
- 1M losers are : Losers for past month are $UFI -3.2%, $NNDM -9.7%
- 1W winners are : Winners for past week are $CULP 7.1%, $AIN 2.8%
- 1W losers are : Losers for past week are $NNDM -1.7%, $UFI -3.3%
Index correlation analysis
Correlation for the past month is 19.2%, for the past 3 months is 6.7%
In the past month for a 5 days rolling window, the highest corrrelation is 70.6%, the lowest correlation is -11.6%, the latest correlation is 0.6%
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 49.3% between AIN and UFI
The lowest correlation is -7.9% between CULP and NNDM
Despite the ongoing demand softness, Culp's (CULP) fiscal second-quarter 2024 results benefit from strong Mattress Fabrics segment contribution and improved pricing and margin.
Culp, Inc. (CULP) delivered earnings and revenue surprises of 5% and 1.58%, respectively, for the quarter ended October 2023. Do the numbers hold clues to what lies ahead for the stock?
HIGH POINT, N.C., December 04, 2023--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 29, 2023.
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Softened demand in the domestic mattress and residential home furnishings industries and inflationary pressure are likely to affect Culp's (CULP) Q2 performance.
HIGH POINT, N.C., November 27, 2023--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2024 conference call on Tuesday, December 5, 2023, at 11:00 a.m. ET. During this call, Culp will review the company’s financial and operating results for the second quarter ended October 29, 2023. A press release announcing these results will be issued after the close of market trading on Monday, December 4, 2023.
Nanotechnology stocks could be the next big trend in growth investing. This application of nanotech could profoundly impact many sectors of the economy, ranging from healthcare to manufacturing to space flight. What’s great about these nanotechnology stocks is that many trade below their intrinsic values. They’re not usually that popular with the retail crowd of investors who gravitate towards the marquee names and their small market capitalizations. So, if you’re looking for a list of nanotech
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Albany International Corp. ( NYSE:AIN ), is not the largest company out there, but it saw significant share price...
New Material, INSU200, is a Dielectric Ink With Leading Thermo-Mechanical Properties R&D Driven Innovation Complies with Leading Electronics Industry Standardization Bodies The Material Will be Showcased at the Productronica Event in Munich, Germany, November 14-17 Waltham, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal