Rising Miscellaneous Theme Stocks: $LXU, $DOV, $AME & More with 12.47% 1W Change
The Thriving Diversification: Miscellaneous Theme Gains Momentum
AI Robots: Swing Trader: Sector Rotation Strategy (TA&FA) + 48% Annualized return for the last 30 days
Overview of the Miscellaneous Theme - $LXU $DOV $AME $BRC $CXT $HI $PANL $PNR $SHIP $SXI $TRS $TG $CSL $WMS $TROO $TPL $TUP $GPAC $COGT $INSE $LCII $LMB $ROSEU $PRPL $NEXT $YETI +12.47% / 1week change
With a staggering 12.47% increase over the past month, the Miscellaneous theme provides a promising investment landscape. This theme is an eclectic mix of companies from various sectors, including the basic materials sector, industrial sector, and consumer cyclical sector. It's an amalgamation of specialty businesses with limited competition, making it an intriguing and profitable sector.
This sector houses businesses like Yeti Holdings, renowned for their manufacture of coolers and special drinking cups, and Pangaea Logistics Solutions, a major player in marine shipping and logistics. Another interesting addition to this theme is Tredegar Corporation, which specializes in manufacturing and selling specialty chemicals. Essentially, the Miscellaneous theme serves as an all-encompassing sphere for varied businesses.
Positive Market Outlook and Predictions
The stocks encompassed by this theme currently have a positive market outlook, underlined by the Volume Indicator and the Stock Fear & Greed Index. The sector anticipates a likely 4.00% surge in the next month, with a likelihood of 44%. During the past month, the daily ratio of advancing to declining volumes stood at 1.85 to 1, marking a favorable trend. Particularly, two stocks within this group exhibit a similar positive trajectory based on the MA200MA50 indicator, with an average likelihood of 83%.
Dissecting the Market Capitalization
The average market capitalization within the Miscellaneous theme group is a healthy $5.1B. The market cap within this theme varies from 0 to $36.6B, with AME leading the pack with the highest valuation at $36.6B. ROSEU, on the other hand, stands at the lower end of the spectrum.
Price Movements to Keep an Eye On
The average weekly price growth across all stocks within the theme was 7.96%, with the monthly price growth averaging at 20.75%. Over the quarter, the average price growth stood at 0.95%. TUP experienced phenomenal price growth of 170.25%, while TRS experienced a drop of -7.9%.
Purple Innovation (PRPL) and Tupperware Brands (TUP) emerged as top weekly gainers, while NextDecade (NEXT) witnessed a weekly decline.
Volume Indicators: The Tale of Growth
The volume growth within the theme has seen considerable traction. The average weekly volume growth across all stocks in the group was 47.27%, with the monthly volume growth averaging at 354.38%. The quarterly volume growth was a whopping 1136.23%.
A Glimpse at the Fundamental Analysis Ratings
The fundamental analysis ratings present an interesting mix of numbers. The Valuation Rating stood at 59, while the P/E Growth Rating was at 52. The Price Growth Rating was 48, and the SMR Rating was at 63. The Profit Risk Rating scored 60, with the Seasonality Score hitting -21.
A Look at Three Key Stocks from the Theme
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Tupperware Brands (TUP): A top quarterly gainer, TUP saw a price rise of +264.96%. With a current price of $4.27, TUP expects an uptrend reversal, making it a stock to watch.
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YETI Holdings (YETI): YETI, currently priced at $42.6, entered an uptrend as the momentum indicator ascended above the 0 level on July 31, 2023. This robust momentum positions YETI as a favorable stock within the theme.
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AME: Holding the highest valuation within the theme at $36.6B, AME demonstrates strong potential, and its progress within this diversified group will be worth monitoring.
The Miscellaneous theme presents an intriguing blend of specialty companies, each contributing to the overall positive outlook. The stocks within the theme have demonstrated impressive price and volume growth, marking the sector as a promising investment landscape.
HI's Indicator enters downward trend
The Aroon Indicator for HI entered a downward trend on August 30, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 179 similar instances where the Aroon Indicator formed such a pattern. In of the 179 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HI as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HI turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HI's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HI advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.786) is normal, around the industry mean (11.640). P/E Ratio (13.624) is within average values for comparable stocks, (44.801). Projected Growth (PEG Ratio) (0.737) is also within normal values, averaging (2.014). Dividend Yield (0.021) settles around the average of (0.021) among similar stocks. P/S Ratio (0.898) is also within normal values, averaging (10.671).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of casket products
Industry IndustrialMachinery
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HI and
Correlation & Price change
A.I.dvisor indicates that over the last year, HI has been loosely correlated with DOV. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if HI jumps, then DOV could also see price increases.