Aggregated price index with volume information
- Aircraft Manufacture and Service stocks up 0.6% on average while median return up 0.0% in a day
- Aircraft Manufacture and Service stocks up 4.2% on average while median return up 3.9% in a week
- Aircraft Manufacture and Service stocks up 13.0% on average while median return up 7.6% 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 $ERJ 24.0%, $BYRN 23.8%, $BA 20.1%, $AVAV 17.9%, $SPR 10.4%
- 1M losers are : Losers for past month are $AIRI -1.9%, $ATRO -2.0%, $SIF -9.1%, $CVU -15.1%
- 1W winners are : Winners for past week are $SIF 17.5%, $ERJ 15.3%, $CVU 8.6%, $BA 5.3%, $DCO 4.8%
- 1W losers are : Losers for past week are $TDG -0.1%, $AIRI -0.7%, $SPCE -9.9%
Index correlation analysis
Correlation for the past month is 12.1%, for the past 3 months is 8.4%
In the past month for a 5 days rolling window, the highest corrrelation is 41.3%, the lowest correlation is -5.2%, the latest correlation is 11.3%
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 69.8% between BYRN and COMS
The lowest correlation is -61.9% between ATRO and TDG
The "Phénix 2030" plan includes several steps aimed at turning the airline's finances around.
Virgin Galactic Holdings (NYSE: SPCE) is in a tough industry. This week, company investors got a reminder of how the complexity can benefit, and hurt, Virgin Galactic, and the stock rocketed up and down as a result. Virgin Galactic is in the business of shuttling tourists into space.
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Embraer (ERJ) delivers the fifth E-99M aircraft with improved features to the Brazilian Air Force.
Coinbase (COIN) shares rally as crypto investors pull out of Binance (BNB-USD) after CEO Changpeng "CZ" Zhao pled guilty to criminal charges surrounding money laundering and violating US sanctions Meanwhile, Virgin Galactic (SPCE) shares fell after Morgan Stanley downgraded the spaceflight company from "Equal Weight" to "Underweight" based on a lack of near-term revenue-generating flights or catalysts for the share price. For more expert insight and the latest market action, click here to watch ...
Virgin Galactic Holdings (NYSE: SPCE) has accomplished a lot in 2023, but investors are more focused on the difficulties that lie ahead. Virgin Galactic has had its shares of ups and downs during its short time as a public company. The stock soared in 2020 and 2021 on investor excitement about the potential for space tourism but fell back to Earth as the complexity of routinely shuttling tourists into orbit became clear.
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Shares in space company Virgin Galactic (NASDAQ:SPCE) fell nearly 5% overnight after Morgan Stanley gave SPCE stock an “underweight” rating. The company has been trying to conduct “space tourism,” sending people into near space for a few minutes at a time. Virgin Galactic is backed by serial entrepreneur Richard Branson. It went public in 2019 through a special purpose acquisition company (SPAC) put together by Chamath Palihapitiya of Social Capital Hedosophia. The Rise and Fall of SPCE Stock Th
ARLINGTON, Va., November 21, 2023--AeroVironment, Inc. (NASDAQ: AVAV) will issue financial results for the company's second quarter ended October 28 after the market closes on Tuesday, December 5. Management will host a conference call and live audio webcast to discuss the results at 4:30 p.m. Eastern Time.
EDGEWOOD, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue into 2024. “CPI Aero is proud to be part of the successful Phenom 300 program where we continue to demonstra