Aggregated price index with volume information
Summary:
- Department Stores stocks up 1.2% on average while median return up 0.9% in a day
- Department Stores stocks down 3.4% on average while median return down 4.0% in a week
- Department Stores stocks down 6.8% on average while median return down 9.1% 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
- 1M losers are : Losers for past month are $KSS -10.4%, $M -11.6%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $M -4.5%, $DDS -4.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 41.4%, for the past 3 months is 34.4%
In the past month for a 5 days rolling window, the highest corrrelation is 80.6%, the lowest correlation is -18.7%, the latest correlation is 39.7%
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 63.2% between DDS and KSS
The lowest correlation is 25.6% between KSS and M
Key Insights The projected fair value for Ollie's Bargain Outlet Holdings is US$62.74 based on 2 Stage Free Cash Flow...
Macy's (M) is enhancing operations for sustainable growth while expanding its omnichannel presence and customer experience through strategic partnerships and technological upgrades.
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