Aggregated price index with volume information
Summary:
- Recreational Products stocks down 2.0% on average while median return down 1.4% in a day
- Recreational Products stocks up 1.5% on average while median return up 0.8% in a week
- Recreational Products stocks down 3.7% on average while median return down 4.5% 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 $HAS 19.0%, $DOOO 11.3%, $ESCA 6.0%, $VSTO 5.6%, $MPX 4.7%
- 1M losers are : Losers for past month are $JAKK -12.4%, $PII -12.7%, $BC -14.2%, $MBUU -16.2%, $FOXF -18.7%
- 1W winners are : Winners for past week are $BHAT 21.1%, $HAS 18.3%, $VSTO 7.8%, $MPX 3.4%, $FNKO 3.2%
- 1W losers are : Losers for past week are $BC -2.5%, $FOXF -3.5%, $PII -3.8%, $AOUT -5.9%, $JAKK -11.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.2%, for the past 3 months is 20.9%
In the past month for a 5 days rolling window, the highest corrrelation is 38.5%, the lowest correlation is 2.2%, the latest correlation is 18.7%
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 90.4% between THO and WGO
The lowest correlation is -43.6% between MCFT and PUNK
Shares of boat and marine manufacturer Brunswick (NYSE:BC) fell 7.8% in the afternoon session after the company reported first-quarter results with revenue and EPS guidance for the next quarter below Wall Street's expectations. Revenue was also underwhelming during the quarter, coming in roughly in line with analysts' estimates, as the company called out continued economic uncertainty. Management added that "Marine dealers, manufacturers and retailers continue to demonstrate caution with early-s
Fox Factory Holding (FOXF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
EL SEGUNDO, Calif. & NEW YORK, April 25, 2024--Mattel, Inc. (NASDAQ: MAT) has partnered with Samsung to deliver its first three 24/7 Free Ad Supported Streaming (FAST) channels on Samsung TV Plus, Samsung’s free TV streaming service. The Barbie and Friends, Hot Wheels Action, and Mattel Jr. channels are set to go live later this year and will be free to access from Samsung Smart TVs, Galaxy Devices and on the Web at www.samsungtvplus.com. The three new channels from Mattel will feature content i
BRP Inc. (TSX: DOO) (NASDAQ: DOOO) ("BRP" or the "Company") announces that its annual general meeting of shareholders (the "Meeting") will be held on Friday, May 31, 2024 at 11:00 a.m. EDT and will be conducted by live webcast.
First Quarter Performance Meets Expectations with Strategic Adjustments
Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the first quarter ended March 31, 2024.
Boat and marine manufacturer Brunswick (NYSE:BC) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 21.7% year on year to $1.37 billion. On the other hand, next quarter's revenue guidance of $1.55 billion was less impressive, coming in 3.5% below analysts' estimates. It made a non-GAAP profit of $1.35 per share, down from its profit of $2.57 per share in the same quarter last year.
METTAWA, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), today, released its first quarter 2024 financial results. A complete and full-text financial results press release is available on the Company’s website at https://ir.brunswick.com. The results will also be available on the SEC’s website with the Form 8-K filing of the release at http://goo.gl/wJQN1. The Company will hold a conference call at 10 a.m. CST/ 11 a.m. EST, today, Thursday, April 25, 2024, hosted by Da
Mattel's (MAT) first-quarter 2024 bottom line gains from increased margins and the repurchase of $100 million worth of shares during the quarter. It remains aligned with its annual targets.