Aggregated price index with volume information
Summary:
- Aerospace & Defense stocks up 0.3% on average while median return up 0.0% in a day
- Aerospace & Defense stocks down 0.5% on average while median return down 0.3% in a week
- Aerospace & Defense stocks down 5.8% on average while median return down 4.3% 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 $SIF 24.7%, $AVAV 15.6%, $PKE 12.2%, $SWBI 10.7%, $BWXT 1.4%
- 1M losers are : Losers for past month are $CODA -17.8%, $TGI -18.7%, $SPR -26.1%, $SPCE -32.1%, $BYRN -34.3%
- 1W winners are : Winners for past week are $SIF 29.8%, $SPR 6.5%, $SPCE 5.3%, $KTOS 4.7%, $NOC 3.6%
- 1W losers are : Losers for past week are $BA -3.0%, $KVHI -3.2%, $ERJ -3.3%, $VSEC -11.5%, $BYRN -28.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 12.8%, for the past 3 months is 10.1%
In the past month for a 5 days rolling window, the highest corrrelation is 30.4%, the lowest correlation is 1.6%, the latest correlation is 14.0%
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 83.8% between CW and HXL
The lowest correlation is -71.8% between AVAV and LMT
General Electric's (GE) Digital business' partnership with EnergyHub is aimed at streamlining the management of DERs through the combination of GE Vernova's GridOS DERMS and EnergyHub's DERMS.
This company is set to Dominate
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Telephone and Data Systems (TDS) will make long-term investments to boost rural broadband capabilities to be eligible for FCC funds.
Oracle, AbbVie, Lowe's Companies, Ecolab and Motorola Solutions are part of the Zacks top Analyst Blog .
Despite the wave of selling in a historically weak month for stocks, the overall bullish backdrop remains, and some indicators appear to be flashing buy signals to investors who can handle more volatility and the possibility of more near-term selling.
In this article, we discuss top 25 dividend aristocrats ranked by yield. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read Dividend Aristocrats Ranked By Yield: Top 10. At the start of the year, there was a lot of excitement surrounding tech stocks. However, […]
A government shutdown is looming—but that’s no reason to avoid defense contractor General Dynamics Any politics-induced weakness would just make the stock even more attractive. General Dynamics (ticker: GD) is as sturdy and dependable as any of the big U.S. prime contractors, alongside Boeing (BA), Lockheed Martin (LMT), and Northrop Grumman (NOC) The company is locked into long-term contracts to produce some of the U.S. military’s most iconic assets, such as the M1 Abrams main battle t...
The S&P 500 is up 12% so far in 2023, even with the market correction. But an equal-weight ETF is up 0.6%. Nvidia leads the index's big winners.
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and the judge on Thursday urged both sides to settle. U.S. District Judge Jesse Furman said shareholders could pursue much of their remaining six-year-old class action regarding Boston-based GE's reliance on factoring in connection with long-term service agreements at GE Power. Shareholders led by two pension funds said the power uni...