MARKET COMPOSITE
Aircraft Manufacture and Service Stocks05-00-2023 21:00:00 PM
Price
$102.22
+ 0.65%
The list of companies include AIRI-Air Industries Group, ATRO-Astronics Corp., AVAV-AeroVironment Inc., BA-Boeing Co., CVU-CPI Aerostructures Inc, DCO-Ducommun Inc., HEI-Heico Corp., SIF-SIFCO Industries Inc., SPCE-Virgin Galactic Holdings Inc, SPR-Spirit Aerosystems Holdings Inc, TATT-Tat Technologies, TDG-Transdigm Group Incorporated, BYRN-Byrna Technologies Inc, COMS-ComSovereign Holding Corp
* Latest intraday update before market close @ 20:45:30 PM 12/05/2023
Summary
:
Average return is up 0.6%
Median return is down -0.0%
7 out of 14 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
AVAV + 0.6%ERJ + 1.5%AIRI + 1.9%CVU + 2.0%SIF + 9.1%

Aggregated price index with volume information

Summary:

  • 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
SIF9.1%
17.5%
-9.1%
1.250.5625M0%20%56-\/1040.7%
CVU2.4%
8.6%
-15.1%
1.670.4832.1M0%41%45/-\55-0.5%
AIRI1.9%
-0.7%
-1.9%
2.570.7810M2%19%50\53-0.1%
ERJ1.3%
15.3%
24.0%
-3.260.190.143.5B42%80\/-Above resistance2030.1%
AVAV0.8%
4.2%
17.9%
-24.563.135.006.883.7B7%81%78/\/Above resistance2030.1%
BYRN0.3%
2.9%
23.8%
132.5M82/\157-0.2%
DCO0.1%
4.8%
7.0%
36.541.341.861.02-16%757.4M2%86%66/\/\203-0.0%
ATRO-0.1%
3.1%
-2.0%
-12.8-0.691.991.07439.9M6%79%54\/\/2030.2%
BA-0.3%
5.3%
20.1%
-49.82-13.322.46141.7B2%55%83\/\/4040.1%
COMS-0.9%
3.6%
7.5%
18.943.1M1%3%59\153-0.3%
SPCE-1.0%
-9.9%
3.2%
-1.060.37763.5M30%26%47/\404-0.2%
SPR-1.1%
4.2%
10.4%
-3.120.297.401.592.9B6%81%70\/\404-0.1%
TDG-1.2%
-0.1%
8.3%
43.373.768.00-67%52.9B5%97%57\/\/2030.2%
HEI-2.2%
2.3%
7.7%
60.786.488.7710.41-6%21.3B3%71%60/2030.0%
* 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.
Detail Performance Summary
  • 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%
Pick two stocks to compare:

Correlation Analysis

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

Stock news

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    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.

    DRS vs. HEI: Which Stock Is the Better Value Option?

    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