Aggregated price index with volume information
Summary:
- Boeing and Suppliers stocks up 1.2% on average while median return up 1.4% in a day
- Boeing and Suppliers stocks up 3.8% on average while median return up 1.6% in a week
- Boeing and Suppliers stocks up 8.2% on average while median return up 9.7% 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 (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $RTX 12.5%, $TGI 9.8%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $RTX 10.8%, $BA 4.0%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 40.0%, for the past 3 months is 38.2%
In the past month for a 5 days rolling window, the highest corrrelation is 76.9%, the lowest correlation is -17.2%, the latest correlation is 41.0%
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 87.2% between BA and SPR
The lowest correlation is 5.8% between RTX and TGI
WASHINGTON (Reuters) -Boeing is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S. planemaker widens checks for false paperwork used to authenticate the metal used in commercial jets. Regulators said in June they were investigating whether false or incorrect documents were used to identify the authenticity of titanium used for parts in some Boeing and Airbus jets. Airbus said it is collaborating with authorities and investiga...
Boeing is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S. planemaker widens checks for false paperwork used to authenticate the metal used in commercial jets. Regulators said in June they were investigating whether false or incorrect documents were used to identify the authenticity of titanium used for parts in some Boeing and Airbus jets. Reports of forged documentation initially raised concerns about the structural integ...
Firm orders for Boeing and Airbus totaled 242 jets. That makes the 2024 show the worst for new orders since 2006.
Boeing (BA) has been staggering for quite some time at the bourses due to persistent quality control issues with one of its major commercial programs amid soaring demand for its aftermarket services.
Besides Wall Street's top -and-bottom-line estimates for Boeing (BA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
FedEx will fly fewer aircraft and go to fewer U.S. cities starting this fall as a consequence of the U.S. Postal Service giving its primary air cargo contract to a competitor. The post FedEx to cut daytime domestic flight activity by 60% appeared first on FreightWaves.
Q2 2024 RTX Corp Earnings Call
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LUV earnings call for the period ending June 30, 2024.
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