Market Composite

Contract Drilling Stocks$261.73

-1.38%4:00PM 07/30/2021

The list of companies include BROG-Brooge Energy Limited, HP-Helmerich & Payne, Inc., HPK-HighPeak Energy Inc, ICD-Independence Contract Drilling Inc, NBR-Nabors Industries Ltd, PDS-Precision Drilling Corp, PTEN-Patterson-UTI Energy Inc, RIG-Transocean Ltd, BORR-Borr Drilling Ltd

Latest intraday update before market close @ 19:45:22 PM 07/30/2021

Summary :

Average return is down -1.4%

Median return is down -1.9%

1 out of 8 stocks are up (limited to those with intraday pricing feeds).

Top Movers : PTEN -3.8%, NBR -3.2%, ICD -2.8%, RIG -2.0%, HP -1.7%,

Aggregated price index

Aggregated price index with volume information

Summary:

Contract Drilling stocks down 1.4% on average while median return down 1.6% in a day
Contract Drilling stocks down 0.4% on average while median return down -0.5% in a week
Contract Drilling stocks down 14.1% on average while median return down 19.3% 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.

Related Stocks

Click on + to show price series and click on ticker for stock detail page

Ticker	1 Day Return	1 Week Return	1 Month Return	PE Ratio	PE/G	P/B (mrq)	P/S (ttm)	MarketCap	Short %	Held By Institutions %	RSI	Price Pattern	Days Since Channel Change	Channel Slope (daily rate %)	Half Channel Bandwidth	Distance to Channel MidPoint %

BROG	7.1%	3.4%	5.9%			7.45	22.92	964.4M	0%	3%	54	\/\	43	-0.2%	6.9%	4.5%
HPKEW	0.0%	8.1%	3.3%					1.1B			49
PDS	-0.7%	0.5%	-20.2%		0.76	0.36	0.62	442.8M		45%	41	\/	85	0.6%	11.7%	-14.5%
HP	-1.6%	-0.6%	-12.1%	-10.39	1.38	1.11	3.21	3.1B	7%	91%	41	\/	252	0.4%	17.1%	-12.7%
RIG	-1.6%	0.8%	-20.1%	-8.11	-1.1	0.21	0.79	2.2B	13%	55%	42	\-/	85	0.3%	18.7%	-18.7%
ICD	-3.4%	-2.2%	-26.3%		-0.06	0.12	0.46	20.6M	7%	20%	36	\-	168	0.1%	62.7%	-20.8%
HPK	-3.6%	-7.3%	6.5%				19.56	1B	2%	2%	51	/\	140	-0.1%	42.7%	19.4%
BORR	-3.9%	-7.5%	-9.0%			0.07	0.96	203.1M	4%	21%	37	-\/\	123	-0.2%	31.4%	-13.7%
PTEN	-4.1%	2.2%	-19.3%	-3.15	0.15	0.96	2.01	1.5B	10%	95%	40	\/	168	0.7%	14.0%	-20.0%
NBR	-4.7%	0.3%	-23.4%	-1.06	0.1	0.85	0.50	803.7M	8%	70%	38	\/	168	0.6%	20.7%	-25.2%

* 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 $HPK 6.5%, $BROG 5.9%, $HPKEW 3.3%
1M losers are : Losers for past month are $RIG -20.1%, $PDS -20.2%, $NBR -23.4%, $ICD -26.3%
1W winners are : Winners for past week are $HPKEW 8.1%, $BROG 3.4%, $PTEN 2.2%, $RIG 0.8%
1W losers are : Losers for past week are $HP -0.6%, $ICD -2.2%, $HPK -7.3%

Pick two stocks to compare:

NBR

PTEN

Correlation Analysis

Index correlation analysis

Correlation for the past month is 34.0%, for the past 3 months is 36.1%

In the past month for a 5 days rolling window, the highest corrrelation is 60.5%, the lowest correlation is 13.8%, the latest correlation is 36.5%

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 93.4% between NBR and PTEN

The lowest correlation is -19.4% between HPK and HPKEW