Aggregated price index with volume information
Summary:
- Tobacco stocks down 0.9% on average while median return down 1.1% in a day
- Tobacco stocks up 3.4% on average while median return up 2.9% in a week
- Tobacco stocks down 0.1% on average while median return down 0.3% 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 $PM 6.3%, $UVV 1.9%, $MO 1.0%
- 1M losers are : Losers for past month are $BTI -1.6%, $VGR -3.2%, $TPB -3.3%
- 1W winners are : Winners for past week are $MO 5.4%, $PM 5.4%, $TPB 2.9%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 58.4%, for the past 3 months is 32.6%
In the past month for a 5 days rolling window, the highest corrrelation is 87.4%, the lowest correlation is -10.6%, the latest correlation is 44.4%
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 75.4% between BTI and MO
The lowest correlation is 33.9% between MO and UVV
Philip Morris beat expectations for both revenues and earnings, driven by robust pricing and increased product volumes.
The major stock market averages (^DJI, ^IXIC, ^GSPC) are opening Thursday lower on the first-quarter GDP print and Big Tech stocks earnings results. The Morning Brief's Seana Smith and Brad Smith monitor the market action after the opening bell, while Senior Markets Reporter Jared Blikre takes a closer look at these stocks' performance entering the morning session: Altria Group (MO), Caterpillar (CAT), and Southwest Airlines (LUV). For more expert insight and the latest market action, click here...
Although the revenue and EPS for Altria (MO) 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.
Dividend Kings are hard to come by, but these five stocks offer investors some great passive income opportunities.
Altria Reaffirms Full-Year Guidance Amidst Mixed Financial Performance
Altria (MO) delivered earnings and revenue surprises of -0.86% and 0.03%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
RICHMOND, Va., April 25, 2024--ALTRIA REPORTS 2024 FIRST-QUARTER RESULTS; REAFFIRMS FULL-YEAR GUIDANCE
Philip Morris International ( NYSE:PM ) First Quarter 2024 Results Key Financial Results Revenue: US$8.79b (up 9.7...
Philip Morris International Inc. (NYSE:PM) Q1 2024 Earnings Call Transcript April 23, 2024 Philip Morris International Inc. beats earnings expectations. Reported EPS is $1.5, expectations were $1.41. Philip Morris International Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good […]
Companies in The News Are: UPS,PM,NVS,IVZ