Aggregated price index
Aggregated price index with volume information
Summary:
- Aircraft Manufacture and Service stocks down 1.5% on average while median return down 0.1% in a day
- Aircraft Manufacture and Service stocks down 4.2% on average while median return down 3.9% in a week
- Aircraft Manufacture and Service stocks down 2.0% on average while median return down 4.1% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $CVU 14.7%, $ATRO 11.1%, $TDG 4.4%
- 1M losers are : Losers for past month are $AIRI -7.7%, $AVAV -7.9%, $SPR -10.0%, $BYRN -11.5%, $DCO -18.8%
- 1W winners are : Winners for past week are $CVU 12.0%, $ERJ 2.9%, $SPR 1.3%
- 1W losers are : Losers for past week are $TATT -8.0%, $BYRN -9.0%, $HEI -10.0%, $AVAV -13.3%, $SPCE -22.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 7.5%, for the past 3 months is 15.3%
In the past month for a 5 days rolling window, the highest corrrelation is 36.3%, the lowest correlation is -3.1%, the latest correlation is 1.2%
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 69.1% between BA and TDG
The lowest correlation is -58.6% between DCO and SIF
Stock news
TransDigm Group Incorporated (NYSE: TDG) ("the Company") announced today the upcoming retirement of Chief Operating Officer Jorge L. Valladares III, the appointment of Mr. Valladares to the Company's Board of Directors, the appointment of Mike Lisman and Joel Reiss as Co-Chief Operating Officers, and the appointment of Sarah Wynne as Chief Financial Officer.
The company is returning to space. Investors are still struggling to see how it will do so profitably.
Malaysia's SKS Airways has chosen the Embraer (B3: EMBR3, NYSE: ERJ) E195-E2, the world's most efficient and quietest single-aisle aircraft, to drive its growth plans for the region. The deal for 10 E195-E2s was announced at a signing ceremony at the Langkawi International Maritime & Aerospace Exhibition (LIMA'23).
Recently, Zacks.com users have been paying close attention to Astronics Corporation (ATRO). This makes it worthwhile to examine what the stock has in store.
Virgin Galactic went back to space Thursday. It was a success for the company, but investors probably expected a better result—as far as the stock is concerned. The space-tourism pioneer launched and completed its first crewed flight since July 2021, when Sir Richard Branson and others traveled almost 60 miles above the Earth’s surface.
The head of Brazilian Embraer's planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing orders and hinted at some order announcements at the upcoming Paris Airshow. "It is definitely a topic in discussions with customers," said Arjan Meijer, chief executive of Embraer Commercial Aviation. The E2 family of jets was launched a decade ago with the new Pratt engines as an upgrade of the E-Jet family of regional jets, while Emb...
The head of Brazilian Embraer's planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing orders and hinted at some order announcements at the upcoming Paris Airshow. "It is definitely a topic in discussions with customers," said Arjan Meijer, chief executive of Embraer Commercial Aviation. The E2 family of jets was launched a decade ago with the new Pratt engines as an upgrade of the E-Jet family of regional jets, while Emb...
Virgin Galactic's launch Thursday went off without a hitch, the latest move by one of three major billionaire-backed players in the space race. SpaceX and Blue Origin also had developments recently.
Virgin Galactic, the space tourism company that kicked off the SPAC boom, flew its rocket plane to the limit of the atmosphere and back this morning (May 25) for the first time in nearly two years.
The U.S. Army has narrowed its list of potential vendors for its Future Tactical Uncrewed Aircraft Systems (FTUAS) program, and it appears AeroVironment (NASDAQ: AVAV) didn't make the cut. AeroVironment makes small- to mid-size unmanned aerial vehicles (UAVs) -- or drones -- primarily for military customers, including some that are small enough to be carried into battle on a soldier's back. In February, AeroVironment was selected along with Northrop Grumman, Textron, Griffon Aerospace, and Sie...