Aggregated price index with volume information
Summary:
- Breweries stocks up 0.7% on average while median return up 0.5% in a day
- Breweries stocks down 1.6% on average while median return down 2.6% in a week
- Breweries stocks down 3.2% on average while median return down 2.8% 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 $TAP -3.9%, $ABEV -8.4%
- 1W winners are : Winners for past week are $SAM 0.5%, $BUD 0.1%
- 1W losers are : Losers for past week are $CCU -2.8%, $TAP -3.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 39.0%, for the past 3 months is 25.3%
In the past month for a 5 days rolling window, the highest corrrelation is 89.9%, the lowest correlation is -20.8%, the latest correlation is 86.2%
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 63.9% between ABEV and CCU
The lowest correlation is 17.0% between CCU and SAM
Diageo (DEO) has been in a good spot, thanks to its strong brand portfolio, premiumization efforts, cost management plans, innovation and marketing investments.
TAP vs. DEO: Which Stock Is the Better Value Option?
Procter & Gamble (PG) witnesses strong business momentum, driven by underlying strength in brands and appropriate strategies, which boosts organic sales growth.
Brown-Forman (BF.B) is on track for growth, driven by gains across its premium and super-premium brands, strength in the Jack Daniel's family of brands, and the momentum in the RTD category.
FEMSA (FMX) stays on growth track, thanks to its strategic initiatives, including expansion in the digital space and the U.S. specialized distribution industry.
TAP vs. DEO: Which Stock Is the Better Value Option?
Diageo (DEO) is a stock to watch amid the challenging macro environment, thanks to its diversified footprint, advantaged portfolio, strong brands, pricing initiatives and productivity savings.
The average brokerage recommendation (ABR) for Anheuser-Busch Inbev (BUD) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Report says hundreds of thousands of small business are at risk of insolvency because of slow paying practices by big firms.
Alcohol stocks fall into the consumer staples sector for their defensive attributes. It’s not that people “need” their products, but they tend to buy them no matter the state of the economy. Not surprisingly, brewers delivered outsized earnings growth of 32.4 when compared to the earnings growth of the overall consumer staples sector. However, earnings growth is expected to normalize relative to the sector. That means investors will have to be more selective in choosing alcohol stocks to buy. An