Aggregated price index
Aggregated price index with volume information
Summary:
- Airlines stocks down 0.8% on average while median return down 1.2% in a day
- Airlines stocks down 3.9% on average while median return down 3.6% in a week
- Airlines stocks down 15.8% on average while median return down 14.4% 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
- 1M losers are : Losers for past month are $ATSG -20.0%, $VLRS -21.3%, $SKYW -23.6%, $ALGT -24.4%, $MESA -32.1%
- 1W winners are : Winners for past week are $CEA 5.0%, $ZNH 2.7%, $ATSG 2.0%, $VTOL 0.6%, $CPA 0.2%
- 1W losers are : Losers for past week are $ALGT -9.1%, $GOL -9.9%, $VLRS -10.2%, $AZUL -11.6%, $SAVE -12.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 56.9%, for the past 3 months is 49.2%
In the past month for a 5 days rolling window, the highest corrrelation is 74.9%, the lowest correlation is 2.9%, the latest correlation is 62.5%
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 97.6% between AAL and DAL
The lowest correlation is -33.1% between CEA and SAVE
Stock news
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.
The U.S. Justice Department goes to court Tuesday to ask a judge to order American Airlines and JetBlue Airways to scrap a partnership in the U.S. Northeast in a high-stakes fight that follows painful court losses for the government. The government will argue the partnership known as the Northeast Alliance, unveiled by American Airlines and JetBlue in July 2020, meant that the two companies effectively merged their operations in Boston and New York because they pool revenue on flights into and ...
On Monday, the Biden administration announced plans to go after airlines and travel websites if they try to slip in fees after you’ve bought your ticket.
About 1,000 of the airport's cashiers, cooks, baristas, bartenders, servers and dishwashers were part of the strike.
FedEx pilots protest a lack of a new pilot contract with the peak shipping season is just weeks away.
The flagging tech sector has been a drag. Still, the fall looks strong. And the long-term outlook isn't as bad as it could be.
Southwest Airlines Co. (NYSE: LUV) today is celebrating the contributions of President & Chief Operating Officer Mike Van de Ven, an industry veteran and proven Leader, who announced plans to step down from his role as Chief Operating Officer (COO) at the end of September and from his role as President at the end of December. Mike will become an Executive Advisor for the Company at the start of 2023. With this announcement, Chief Executive Officer (CEO) Bob Jordan will assume the additional role
American Airlines Group Inc.’s local market share of travelers at Reagan National Airport has jumped to numbers not seen since before the Covid pandemic. Paul Bobson, vice president of airline business development for the Metropolitan Washington Airports Authority, told a board committee during a Sept. 21 meeting the period between the second quarters of 2019 and 2022 showed major growth in terms of boarding passengers (referred to as monthly enplanements) for the airline; overall it posted a 1...