Aggregated price index with volume information
Summary:
- Boeing and Suppliers stocks up 1.6% on average while median return up 1.5% in a day
- Boeing and Suppliers stocks up 1.5% on average while median return up 1.5% in a week
- Boeing and Suppliers stocks up 5.2% on average while median return up -0.6% 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.
- 1M winners are : Winners for past month are $SPR 22.2%, $RTX 7.8%
- 1M losers are : Losers for past month are $HXL -3.7%, $BA -4.7%
- 1W winners are : Winners for past week are $RTX 2.7%, $BA 2.2%
- 1W losers are : Losers for past week are $HXL -0.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 32.7%, for the past 3 months is 21.0%
In the past month for a 5 days rolling window, the highest corrrelation is 66.3%, the lowest correlation is -7.4%, the latest correlation is 26.8%
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 49.6% between HXL and SPR
The lowest correlation is -6.2% between RTX and TGI
A revolt by U.S. airline bosses helped topple Boeing's top leadership including CEO Dave Calhoun this week, capping weeks of pressure after the freakish Jan. 5 blowout of a door plug on an Alaska Airlines 737 MAX 9 passenger jet, people familiar with the discussions said. With the company's major U.S. customers agitating for a boardroom meeting without Calhoun, Boeing's board pre-empted their demands with a major upheaval. Now, after the shakeup that took out the CEO, chairman and head of Boe...
A revolt by U.S. airline bosses helped topple Boeing's top leadership including CEO Dave Calhoun this week, capping weeks of pressure after the freakish Jan. 5 blowout of a door plug on an Alaska Airlines 737 MAX 9 passenger jet, people familiar with the discussions said. With the company's major U.S. customers agitating for a boardroom meeting without Calhoun, Boeing's board pre-empted their demands with a major upheaval. Now, after the shakeup that took out the CEO, chairman and head of Boei...
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