Aggregated price index with volume information
Summary:
- General Warehousing and Storage stocks down 0.0% on average while median return down -0.0% in a day
- General Warehousing and Storage stocks down 2.9% on average while median return down 2.5% in a week
- General Warehousing and Storage stocks down 4.4% on average while median return down 6.5% 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
- 1M losers are : Losers for past month are $WHLM -8.1%, $VVI -9.4%, $MGRC -9.7%
- 1W winners are : Winners for past week are $BEST 0.9%
- 1W losers are : Losers for past week are $VVI -2.6%, $SELF -2.6%, $WHLM -10.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 10.4%, for the past 3 months is 6.3%
In the past month for a 5 days rolling window, the highest corrrelation is 31.9%, the lowest correlation is -12.2%, the latest correlation is 30.0%
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 56.5% between SELF and VVI
The lowest correlation is -41.7% between IAA and VVI
Q1 2024 Viad Corp Earnings Call
Viad Corp reports a robust start to 2024 with significant revenue growth and strategic expansions, despite facing increased operational costs and a GAAP net loss.
Viad (VVI) delivered earnings and revenue surprises of -15.31% and 0.88%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Detailed Analysis of Viad Corp's First Quarter Financial Performance
SCOTTSDALE, Ariz., May 02, 2024--Viad Corp Reports Results for the 2024 First Quarter
McGrath RentCorp (NASDAQ:MGRC) Q1 2024 Earnings Call Transcript April 25, 2024 McGrath RentCorp beats earnings expectations. Reported EPS is $0.93, expectations were $0.73. McGrath RentCorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MGRC earnings call for the period ending March 31, 2024.
Significant Revenue and Earnings Growth Highlighted in Recent Earnings Report
LIVERMORE, Calif., April 25, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024, compared to net income from con