Aggregated price index with volume information
Summary:
- Food Distributors stocks up 5.4% on average while median return up 1.8% in a day
- Food Distributors stocks up 3.4% on average while median return up 0.4% in a week
- Food Distributors stocks down 4.0% on average while median return down 7.0% 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 $NUZE 28.0%
- 1M losers are : Losers for past month are $PFGC -9.1%, $CHEF -11.5%, $HFFG -16.9%, $UNFI -23.1%
- 1W winners are : Winners for past week are $NUZE 34.1%, $CHEF 3.6%, $USFD 2.6%, $PFGC 0.5%
- 1W losers are : Losers for past week are $HLF -0.3%, $UNFI -1.5%, $SPTN -1.9%, $HFFG -11.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 24.9%, for the past 3 months is 12.3%
In the past month for a 5 days rolling window, the highest corrrelation is 38.3%, the lowest correlation is 4.8%, the latest correlation is 14.8%
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 95.1% between PFGC and USFD
The lowest correlation is -32.6% between HFFG and SAGA
Neogen (NEOG) announces a genomics relationship with Performance Food Group to trace food products back to their origin using PathProven food trace technology.
SAN FRANCISCO, April 18, 2024--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced United Natural Foods, Inc. (NYSE: UNFI), the largest full-service grocery wholesaling partner in North America, chose Samsara to achieve new sustainability and safety progress. UNFI has adopted Samsara Vehicle Telematics, Asset Gateways, Environmental Monitors, and Video-Based Safety.
Neogen® Corporation (NASDAQ: NEOG) announced today that it has formed a genomics relationship with Performance Food Group (NYSE: PFGC), making the company the official genomics provider for the food group's PathProven service.
Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the successful outcome of its annual in-store foundation fundraiser benefiting Special Olympics. The in-store campaign donated $240,000 from community members and the SpartanNash Foundation.
Performance Food, Wingstop, Meta Platforms and Arista Networks have been highlighted in this Screen of The Week article.
Herbalife and Boeing have been highlighted in this Investment Ideas article.
It's critical for investors to recognize bearish patterns to survive downtrending bearish markets. The bear flag pattern is simple and easy to identify, and is the most effective bearish technical pattern.
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.
RIDGEFIELD, Conn., April 17, 2024 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the first quarter ended March 29, 2024 before the opening of the stock market on Wednesday, May 1, 2024 and host a conference call at 8:30 a.m. ET on Wednesday, May 1, 2024 to review those results. The conference call will be webcast live from the Company’s investor relations website at http://investors.chefswarehouse.com/.
Invest in stocks such as Performance Food Group (PFGC), Wingstop (WING), Meta Platforms (META) and Arista Networks (ANET) for superb earning growth.