Aggregated price index with volume information
Summary:
- Discount Stores stocks up 0.2% on average while median return up 0.4% in a day
- Discount Stores stocks down 0.2% on average while median return down -0.2% in a week
- Discount Stores stocks down 5.0% on average while median return down 4.3% 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 $MNSO 15.7%, $PSMT 0.1%
- 1M losers are : Losers for past month are $DLTR -6.9%, $FIVE -11.7%, $DG -13.6%
- 1W winners are : Winners for past week are $BIG 3.5%, $MNSO 1.7%, $PSMT 1.2%
- 1W losers are : Losers for past week are $DLTR -0.8%, $DG -3.2%, $FIVE -3.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 22.3%, for the past 3 months is 21.6%
In the past month for a 5 days rolling window, the highest corrrelation is 74.8%, the lowest correlation is -6.4%, the latest correlation is 35.4%
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 58.9% between DG and FIVE
The lowest correlation is -8.6% between BIG and MNSO
Dollar General (DG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The latest earnings season gives these investors a lot to talk about.
GOODLETTSVILLE, Tenn., May 02, 2024--Dollar General Corporation (NYSE: DG) today announced that it plans to release its financial results for the fiscal 2024 first quarter ended May 3, 2024, on May 30, 2024.
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