Aggregated price index with volume information
Summary:
- Jewelry Stores stocks up 2.1% on average while median return up 2.4% in a day
- Jewelry Stores stocks up 9.1% on average while median return up 3.8% in a week
- Jewelry Stores stocks up 2.9% on average while median return up 5.2% 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 $ELA 7.2%
- 1M losers are : Losers for past month are $BGI -4.4%
- 1W winners are : Winners for past week are $BGI 21.1%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is -1.9%, for the past 3 months is 5.1%
In the past month for a 5 days rolling window, the highest corrrelation is 65.3%, the lowest correlation is -42.0%, the latest correlation is -42.0%
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 26.8% between ELA and SIG
The lowest correlation is -23.8% between BGI and SIG
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.
Key Insights The projected fair value for Signet Jewelers is US$188 based on 2 Stage Free Cash Flow to Equity Current...
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DALLAS, TX / ACCESSWIRE / May 8, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), today reported financial results for its first quarter ended March 31, 2024. The Company reported quarterly revenue of $39.9 million and quarterly ...
DALLAS, TX / ACCESSWIRE / April 30, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that it plans to report its financial results for the first quarter 2024 after the market close on Wednesday, May 8, 2024. ...
Signet Jewelers Ltd (NYSE:SIG), a leading retailer of diamond jewelry, watches, and other fine jewelry, has recently seen a transaction from one of its top executives.
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Signet (SIG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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.
Signet Jewelers Limited's ( NYSE:SIG ) dividend will be increasing from last year's payment of the same period to $0.29...