Aggregated price index with volume information
- Boeing and Suppliers stocks down 1.4% on average while median return down 1.1% in a day
- Boeing and Suppliers stocks up 4.5% on average while median return up 4.2% in a week
- Boeing and Suppliers stocks up 16.4% on average while median return up 10.4% 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.
- 1M winners are : Winners for past month are $TGI 40.9%, $BA 20.1%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $TGI 6.4%, $BA 5.3%
- 1W losers are : Losers for past week are
Index correlation analysis
Correlation for the past month is 21.4%, for the past 3 months is 25.4%
In the past month for a 5 days rolling window, the highest corrrelation is 69.5%, the lowest correlation is -16.3%, the latest correlation is 69.5%
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 63.3% between BA and SPR
The lowest correlation is -14.6% between RTX and SPR
Last month's total brings Boeing's single-aisle deliveries up to 351 units for the year so far, leaving the U.S. planemaker about 25 planes away from making its revised target for at least 375-400 737 deliveries this year. Boeing declined to comment ahead of the release of November order and delivery numbers next Tuesday. Boeing downgraded its original 400-450 plane delivery target for the 737 program in October after a manufacturing flaw by fuselage supplier Spirit AeroSystems forced the pla...
Since early October, Islamic State and Iran-backed militias have launched drone attacks against American forces in Iraq and Syria.Palmer Luckey, whose startup has developed a new weapon to counter these threats, says he can help.
Embraer's (ERJ) delivery of the C-390 Millennium to South Korea is expected to strengthen its footprint in the rapidly growing Asia-Pacific military aircraft market.
Kratos (KTOS) wins a $22.9-million deal involving the XQ-58A Unmanned Aerial Systems.
Dow Jones aerospace leader Boeing and chip designer ARM are approaching new buy points in today's stock market action.
Little has come easy for Boeing (NYSE: BA) over the past five years, as the aerospace giant has weathered both engineering woes and the impact of the pandemic. Boeing hasn't given investors much to get excited about in recent years. Its 737 MAX, an aircraft that was once hyped for its potential to be the best-selling airframe in history, was grounded for 18 months after a pair of fatal accidents that led to a redesign.
RTX (NYSE: RTX) will help the Department of Defense (DoD) address systemic risk in the procurement and delivery of supplies under an $8 million DARPA contract. The work will be performed by the company's Raytheon BBN Technologies unit.
Maersk, the giant ocean shipping carrier, is testing a U.K. airport as a possible import base for its cargo airline. The post Maersk Air Cargo explores China-UK route appeared first on FreightWaves.
Collins Aerospace, an RTX (NYSE: RTX) business, is working with easyJet to activate GlobalConnectSM connected aircraft services on more than 330 Airbus aircraft in its fleet. easyJet will become the largest A320 operator in the world to deploy GlobalConnect. This new capability enhances safety oversight, pilot training and operational efficiencies.
Startup Anduril Industries is shaking up the U.S. defense industry. Founded by Oculus creator Palmer Luckey, Anduril is building AI-powered, autonomous weapons systems that it says will create a more nimble and cost-effective military. Photo Illustration: Alexander Hotz/WSJ