Aggregated price index with volume information
Summary:
- Beverages: Alcoholic stocks down 0.8% on average while median return down 0.9% in a day
- Beverages: Alcoholic stocks up 0.6% on average while median return up 0.9% in a week
- Beverages: Alcoholic stocks down 4.5% on average while median return down 6.1% 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 $CCU 1.9%
- 1M losers are : Losers for past month are $DEO -6.2%, $SAM -6.9%, $ABEV -6.9%
- 1W winners are : Winners for past week are $BUD 3.5%, $CCU 1.2%, $STZ 1.2%
- 1W losers are : Losers for past week are $TAP -1.7%, $DEO -1.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.5%, for the past 3 months is 23.9%
In the past month for a 5 days rolling window, the highest corrrelation is 73.2%, the lowest correlation is -12.0%, the latest correlation is 13.9%
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 62.1% between ABEV and CCU
The lowest correlation is -13.9% between SAM and WVVI
BOSTON, April 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended March 30, 2024. Key results were: First Quarter 2024 Summary: Depletions were flat and shipments increased 0.9%Net revenue of $426.1 million increased 3.9%Gross margin of 43.7% up 570 basis points year over yearNet income of $12.6 millionDiluted income per share of $1.04 Capital Structure Ended the first quarter with $205.4 million in cash and no debt
Tesla, Airbnb upgraded: Wall Street's top analyst calls
Beer company Boston Beer (NYSE:SAM) will be announcing earnings results tomorrow after market hours. Here's what investors should know.
Molson Coors (TAP) 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.
Molson Coors (TAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The maker of Sam Adams is using the new booze-free product as a launchpad for nationwide direct-to-consumer shipping.
A special episode of the popular YouTube show featuring brand ambassador and rapper Ludacris is already available.
Players in the beverage industry are expected to have witnessed positive trends from expanded digital platforms and strong demand for innovative products in the to-be-reported quarter. Inflationary cost pressures, particularly higher input costs, are likely to have hurt.
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