Aggregated price index with volume information
Summary:
- Jewelry Stores stocks down 0.5% on average while median return down 0.4% in a day
- Jewelry Stores stocks down 1.0% on average while median return down -0.0% in a week
- Jewelry Stores stocks down 1.9% on average while median return down 2.7% 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 $SIG 1.6%
- 1M losers are : Losers for past month are $BGI -12.8%
- 1W winners are : Winners for past week are $SIG 6.0%
- 1W losers are : Losers for past week are $BGI -8.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.0%, for the past 3 months is 15.8%
In the past month for a 5 days rolling window, the highest corrrelation is 96.0%, the lowest correlation is -77.9%, the latest correlation is -12.7%
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 38.0% between ELA and SIG
The lowest correlation is 38.0% between ELA and SIG
The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in Signet (SIG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Signet Jewelers, the world's largest retailer of diamond jewelry, which includes KAY Jewelers, Zales, Jared and Banter by Piercing Pagoda, announced today it has raised $8.75 million for St. Jude Children's Research Hospital® in connection with its previously announced commitment to raise $100 million.
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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Signet (SIG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
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Signet is reducing shares outstanding by 15% in a special transaction.
The Relative Strength (RS) Rating for Signet Jewelers stock jumped into a new percentile Thursday, with a rise from 77 to 88. IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score.
(Bloomberg) -- The owner of Kay Jewelers and Zales is launching an advanced buyback of shares held by a major investor, which will let the jewelry conglomerate reduce its debt and boost its outlook for earnings per share. Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTSMC Facilities to Resume Production Overnight After QuakeTrump Got His $175 Million Bond From a Billionaire Fan’s CompanyKim Jong Un Faces Annihilat
Signet Jewelers Limited (NYSE: SIG) ("Signet", "the Company"), the world's largest retailer of diamond jewelry, and Leonard Green & Partners, L.P. ("LGP"), a leading private equity investment firm, today announced the amendment of the terms of the Series A Convertible Preference Shares ("Preferred Shares") to net share settlement and the repurchase of half of the Preferred Shares.