Aggregated price index
Aggregated price index with volume information
Summary:
- Airlines stocks up 1.5% on average while median return up 0.9% in a day
- Airlines stocks up 1.8% on average while median return up 0.7% in a week
- Airlines stocks up 11.6% 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.
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 $AZUL 58.8%, $GOL 37.4%, $SKYW 26.2%, $CPA 22.7%, $VLRS 21.3%
- 1M losers are : Losers for past month are $LUV -0.8%, $JBLU -1.7%, $ATSG -11.8%, $SAVE -13.6%, $MESA -16.0%
- 1W winners are : Winners for past week are $AZUL 14.4%, $GOL 8.4%, $SKYW 6.5%, $RYAAY 6.2%, $VLRS 5.0%
- 1W losers are : Losers for past week are $UAL -0.6%, $AAL -3.2%, $JBLU -3.7%, $SAVE -5.1%, $MESA -6.1%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 43.5%, for the past 3 months is 40.3%
In the past month for a 5 days rolling window, the highest corrrelation is 73.6%, the lowest correlation is 2.9%, the latest correlation is 24.2%
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 91.7% between DAL and UAL
The lowest correlation is -33.9% between ATSG and VTOL
Stock news
Rising operating costs and anticipated reduction in cargo aircraft for 2023 hurt Air Transport (ATSG).
A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.
Copa Holdings (CPA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
It was a Boeing 777-300 with about 250 passenger seats, of which four were filled: in airline lingo, it had a load factor of less than 2 per cent. Flight ANA-211 was a fragile link between Japan and the UK in the days when many passenger flights stopped: I booked at the last minute and the tickets were memorably cheap. When I returned to Japan earlier this year, direct fares had doubled in price and I connected in Hong Kong to economise.
United Airlines (UAL) closed at $47.48 in the latest trading session, marking a +1.76% move from the prior day.
Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Bernstein Strategic Decisions Conference. Bernstein will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows:
Solid railway operating revenues and pro-investor steps boost Norfolk Southern (NSC).
CSX expects revenue ton miles to grow in the low-single digits in 2023, driven by strong performances in the merchandise and coal units.
Two airliners aborted landings at San Francisco International Airport last week after pilots spotted a Southwest Airlines jet taxiing across runways on which the other planes had been cleared to land. An air traffic controller told the Southwest pilots they should not have been on the runways during the May 19 incident. The Federal Aviation Administration said Thursday that the Southwest plane cleared the runways when the other planes passed directly overhead, and the decision to abort the lan...
American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets. Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel".