Aggregated price index with volume information
Summary:
- Catalog/Specialty Distribution stocks up 0.5% on average while median return up 0.3% in a day
- Catalog/Specialty Distribution stocks up 3.0% on average while median return up 3.5% in a week
- Catalog/Specialty Distribution stocks up 2.2% on average while median return up 6.0% 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 $BZUN 19.6%, $PDD 19.3%, $DADA 10.2%
- 1M losers are : Losers for past month are $ARTL -9.8%, $EVLV -19.9%
- 1W winners are : Winners for past week are $PDD 8.4%, $DADA 8.0%, $QRTEB 3.9%
- 1W losers are : Losers for past week are $EVLV -6.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.7%, for the past 3 months is 18.9%
In the past month for a 5 days rolling window, the highest corrrelation is 44.2%, the lowest correlation is -2.8%, the latest correlation is 16.3%
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 67.7% between BZUN and PDD
The lowest correlation is -11.0% between DADA and QRTEB
PDD Holdings Inc. (PDD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
WALTHAM, Mass., May 03, 2024--Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with Cape Fear Community College.
WALTHAM, Mass., May 02, 2024--Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with Belmont University. Located in Nashville, Tennessee, the university began using Evolv Express® for weapons detection at its Curb Event Center Arena late last year.
NORTHAMPTON, MA / ACCESSWIRE / May 1, 2024 / In honor of National Military Appreciation Month in May, HSN Together for Good is raising awareness and support for Foundation for Women Warriors ("FFWW"), a 103-year-old nonprofit organization dedicated ...
QVC®, world leader in live shoppable entertainment announced today that it has collaborated with Gordon Brothers, the global asset experts, and esteemed American designer, Nicole Miller, for the upcoming launch of the nicole by Nicole Miller collection exclusively for QVC. The apparel collection showcases timeless elegance and effortless styles that will premiere on-air and on QVC.com on May 3.
NORTHAMPTON, MA / ACCESSWIRE / April 30, 2024 / Throughout April, Qurate Retail Group has been celebrating our Annual Diversity Month. This is a time when we recognize and celebrate our unique cultures, backgrounds and rich traditions that contribute ...
ENGLEWOOD, Colo., April 30, 2024--Qurate Retail, Inc. to Present at MoffettNathanson Media, Internet & Communications Conference
Qurate Retail GroupSM, a world leader in video commerce ("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms, today announced the launch of its FAST channel, "The Big Dish," on The Roku Channel, a leader in free, ad-supported streaming TV (FAST) reaching U.S. households with an estimated 120 million people (as of Q4 2023). Qurate Retail Group is part of Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP).
Alibaba (NYSE:BABA) is an example of a stock that took its eye off the ball and struck out big. Now it is scrambling to regain its footing. Alibaba’s ongoing restructuring has failed to win over the market, resulting in a 9% year-to-date decline in its stock, a 22% decline over the last 12 months, and a more than 31% drop from its 52-week high. Although founder Jack Ma endorsed the Chinese online retailer’s turnaround plans, investors might not want to rush in. Alibaba is a behemoth. Righting th
Asos, JCPenney, Neiman Marcus, Rent The Runway, Stitch Fix, and The RealReal are on the list credit watchers say could see further distress.