Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Tobacco stocks up 1.3% on average while median return up 1.4% in a day
- Tobacco stocks up 5.7% on average while median return up 5.8% in a week
- Tobacco stocks up 13.3% on average while median return up 12.1% 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 $TPB 18.7%, $VGR 18.5%, $UVV 13.0%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $VGR 8.0%, $UVV 6.8%, $BTI 5.9%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.8%, for the past 3 months is 27.2%
In the past month for a 5 days rolling window, the highest corrrelation is 54.3%, the lowest correlation is -14.0%, the latest correlation is 37.7%
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 66.2% between PM and UVV
The lowest correlation is 16.9% between BTI and TPB
Altria's (MO) strategic moves into smoke-free products offer growth potential, though the declining cigarette business raises concerns.
Philip Morris International Inc. ( NYSE:PM ) just released its quarterly report and things are looking bullish. The...
Insightful Analysis of Philip Morris International's Latest Financials and Strategic Position
Altria (MO) concluded the recent trading session at $49.80, signifying a +0.77% move from its prior day's close.
BAT's earnings report was middling, but it remains an appealing dividend stock.
Management says the company is posting some of its best growth since it went public in 2008.
Looking for a sizable dividend yield? Check out British American Tobacco.
Altria (MO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Companies in The News Are: DHR, GM, PM, ARE
Zacks.com users have recently been watching Altria (MO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.