Aggregated price index with volume information
Summary:
- Sporting and Athletic Goods stocks up 1.2% on average while median return up 0.1% in a day
- Sporting and Athletic Goods stocks up 3.6% on average while median return up 1.9% in a week
- Sporting and Athletic Goods stocks down 2.3% on average while median return down 1.1% 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 $HAS 16.3%, $ESCA 3.6%, $VSTO 3.5%, $JAKK 1.6%
- 1M losers are : Losers for past month are $GOLF -1.4%, $YETI -3.5%, $CLAR -5.4%, $JOUT -6.3%, $PTON -26.6%
- 1W winners are : Winners for past week are $HAS 18.6%, $VSTO 7.8%, $JAKK 5.9%, $CLAR 5.5%, $GOLF 2.7%
- 1W losers are : Losers for past week are $JOUT -0.3%, $ESCA -0.5%, $PTON -1.0%, $YETI -3.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.6%, for the past 3 months is 20.3%
In the past month for a 5 days rolling window, the highest corrrelation is 57.0%, the lowest correlation is 1.8%, the latest correlation is 1.8%
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 63.4% between GOLF and PTON
The lowest correlation is -24.4% between AOUT and VSTO
Preferred Share Retirement CompletedSANTA MONICA, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Net sales were $90.1 million, a year-over-year decrease of $17.4 million or 16%, driven by a lack of new film releases vs. prior yearGross margin of 23.4%, down 580 basis points vs. Q1 2023, led by higher inventory obsolescence expense, and retailer markdownsGross profit of $
**↗️** **Tesla (TSLA)**: The EV maker's quarterly profit plunged, but Chief Executive Elon Musk underscored Tesla's commitment to introducing less-expensive cars. That helped set the stock soaring nearly 10%.
Hasbro (HAS) first-quarter 2024 results gain from turnaround endeavors. It achieves anticipated revenues and experiences notable enhancements in operating profit.
Shares of toy and entertainment company Hasbro (NASDAQ:HAS) jumped 12.9% in the morning session after the company reported first-quarter results that beat on revenue, operating margin, and EPS. The topline benefitted from growth in the Wizards of the Coast & Digital Gaming segment (+7%) and Entertainment (+65%). The company maintained its full-year outlook, and adjusted EBITDA guidance for the full year came in ahead of expectations. Zooming out, this was a great quarter that shareholders will a
Hasbro Beats First-Quarter Views, Maintains 2024 Outlook
Hasbro stock was trading higher after the toy maker beat quarterly estimates for earnings and sales. Hasbro which makes Monopoly, Transformers, G.I. Joe, and other brands, posted first-quarter adjusted earnings per share of 61 cents, easily beating Wall Street’s call of 27 cents. Net revenue of $757.3 million was above the consensus call of $739.8 million, but fell from the $1 billion recorded a year ago, largely because of the divestiture of the company’s eOne film and television segment.
(Bloomberg) -- Hasbro Inc. shares rose as much as 11%, the biggest intraday gain since April 2023, after the toymaker reported first-quarter earnings that beat estimates, a promising sign for the company’s turnaround efforts. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over Strate
Although the revenue and EPS for Hasbro (HAS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Excluding the sale of its eOne division, revenue was still down 9% in Q1, but the toy manufacturer swung to a profit.
Insights into Hasbro's Financial Performance and Strategic Directions