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Airlines Stocks$87.60
3.19%4:00PM 11/23/2020
Latest intraday update before market close @ 19:45:00 PM 11/23/2020
Summary :
Average return is up 3.3%
Median return is up 3.1%
14 out of 14 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information


  • Airlines stocks up 3.2% on average while median return up 2.9% in a day
  • Airlines stocks up 3.6% on average while median return up 2.9% in a week
  • Airlines stocks up 18.8% on average while median return up 16.7% 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 $MESA 53.9%, $CPA 44.1%, $AZUL 36.6%, $HA 23.4%, $ALK 22.5%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $MESA 15.6%, $AZUL 10.8%, $CPA 7.8%, $SKYW 6.9%, $AAL 6.0%
  • 1W losers are : Losers for past week are $UAL -0.2%, $ZNH -0.9%, $ATSG -1.2%, $VLRS -3.5%, $CEA -4.0%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 65.7%, for the past 3 months is 57.7%

In the past month for a 5 days rolling window, the highest corrrelation is 76.8%, the lowest correlation is 24.2%, the latest correlation is 36.7%

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 98.0% between ALK and UAL

The lowest correlation is -19.9% between ATSG and RYAAY

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