Aggregated price index with volume information
Summary:
- Supermarkets and Grocery Stores stocks up 1.1% on average while median return up 0.9% in a day
- Supermarkets and Grocery Stores stocks up 1.6% on average while median return up 0.9% in a week
- Supermarkets and Grocery Stores stocks up 8.3% on average while median return up 5.9% 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 $KR 17.6%, $NGVC 15.5%, $GO 9.6%, $WMK 6.4%
- 1M losers are : Losers for past month are $IMKTA -2.0%
- 1W winners are : Winners for past week are $NGVC 5.9%, $GO 2.9%, $SFM 2.8%, $CASY 1.1%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.3%, for the past 3 months is 17.5%
In the past month for a 5 days rolling window, the highest corrrelation is 46.6%, the lowest correlation is 1.8%, the latest correlation is 23.0%
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 57.5% between IMKTA and VLGEA
The lowest correlation is -30.4% between GO and WMK
Antitrust authorities say Kroger’s planned Albertsons takeover will leave fewer traditional supermarkets to compete for Americans’ dollars.
A Denver state judge said on Monday that he will hear arguments beginning on Aug. 12 in Colorado's case seeking to block Kroger's $25 billion purchase of rival grocer Albertsons. The order by District Court Judge Andrew Luxen puts Colorado two weeks ahead of a similar hearing before the U.S. Federal Trade Commission and other states' separate nationwide lawsuit challenging the merger. Colorado's attorney general, like the FTC, is seeking a preliminary injunction to halt the supermarket mega-me...
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