Aggregated price index with volume information
Summary:
- Apparel/Footwear stocks up 1.1% on average while median return up 1.0% in a day
- Apparel/Footwear stocks up 1.7% on average while median return up 2.4% in a week
- Apparel/Footwear stocks down 4.0% on average while median return down 3.6% 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 $LEVI 9.1%, $SKX 7.5%, $RCKY 5.6%, $KTB 4.8%, $VRA 3.9%
- 1M losers are : Losers for past month are $GES -15.9%, $VFC -16.2%, $HBI -20.0%, $PVH -20.4%, $VNCE -30.5%
- 1W winners are : Winners for past week are $SKX 16.0%, $WWW 11.3%, $KTB 10.2%, $CAL 4.8%, $VRA 4.7%
- 1W losers are : Losers for past week are $GOOS -1.3%, $VFC -1.5%, $HBI -3.7%, $DLA -6.3%, $VNCE -24.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 35.0%, for the past 3 months is 25.7%
In the past month for a 5 days rolling window, the highest corrrelation is 52.2%, the lowest correlation is 7.1%, the latest correlation is 49.9%
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 96.8% between UA and UAA
The lowest correlation is -52.5% between SKX and VNCE
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Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced the promotion of Marco Ellerker to the newly created role of President of Global Marketplace, effective August 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently as SVP and General Manager of EMEA, Japan and Distributors Asia Pacific. In his new role, Ellerker will oversee the omni-channel teams for all b