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Air Freight/Couriers Stocks$131.12
-0.24%4:00PM 11/23/2020
Latest intraday update before market close @ 19:45:00 PM 11/23/2020
Summary :
Average return is down -0.3%
Median return is up 0.5%
6 out of 10 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Air Freight/Couriers stocks down 0.2% on average while median return down -0.2% in a day
  • Air Freight/Couriers stocks down 3.4% on average while median return down 1.2% in a week
  • Air Freight/Couriers stocks up 1.0% on average while median return up 0.7% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $FWRD 20.5%, $AIRT 9.8%, $RLGT 9.4%, $CYRX 7.9%, $HUBG 4.3%
  • 1M losers are : Losers for past month are $ZTO -5.6%, $EXPD -5.8%, $CHRW -7.4%, $BEST -12.8%, $AAWW -15.2%
  • 1W winners are : Winners for past week are $FDX 2.3%, $FWRD 1.1%
  • 1W losers are : Losers for past week are $AAWW -1.9%, $AIRTP -4.4%, $CYRX -8.0%, $ZTO -12.0%, $BEST -16.7%
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Correlation Analysis

Index correlation analysis

Correlation for the past month is 21.7%, for the past 3 months is 25.8%

In the past month for a 5 days rolling window, the highest corrrelation is 44.3%, the lowest correlation is -3.3%, the latest correlation is 2.5%

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 83.2% between ATSG and FDX

The lowest correlation is -49.0% between AAWW and AIRTP

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