Aggregated price index
Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- Contract Drilling stocks up 5.7% on average while median return up 3.9% in a day
- Contract Drilling stocks up 6.2% on average while median return up 7.0% in a week
- Contract Drilling stocks up 36.5% on average while median return up 30.1% 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 $ICD 47.0%, $PDS 34.4%, $HPK 34.4%, $BORR 31.7%
- 1M losers are : Losers for past month are $BROG -8.5%
- 1W winners are : Winners for past week are $NBR 21.4%, $ICD 19.5%, $HP 9.4%, $PDS 8.6%
- 1W losers are : Losers for past week are $BROG -5.5%, $BORR -7.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 35.8%, for the past 3 months is 30.0%
In the past month for a 5 days rolling window, the highest corrrelation is 57.5%, the lowest correlation is 13.5%, the latest correlation is 51.8%
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 90.9% between HP and NBR
The lowest correlation is -47.4% between HPK and HPKEW
Stock news
Houston, TX, based Investment company Fruth Investment Management (Current Portfolio) buys Steris PLC, Canadian Pacific Railway, Schwab U.S.
The market has pretty low expectations for these stocks right now, and investors can benefit from that pessimism.
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HOUSTON, TX / ACCESSWIRE / January 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2021, the Company had an average of 110 drilling rigs operating in the United States.
CALGARY, Alberta, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a series of announcements including: 1) An introduction to its capital allocation framework through 2025; 2) 2021 debt reduction and year-end liquidity updates; and 3) Operations update for drilling activity, Alpha™ technologies and EverGreen™ solutions. Capital Allocation Framework Through 2025 Precision’s debt reduction plans will continue with the goal
TULSA, Okla., January 03, 2022--Helmerich & Payne, Inc. (NYSE: HP) today announced that Mark Smith, Senior Vice President and Chief Financial Officer; Trey Adams, Senior Vice President of Digital Operations, Sales & Marketing; Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2022. Participation by the management team will vary by event.
HOUSTON, TX / ACCESSWIRE / January 3, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that it has sold to Clearwell Dynamics, LLC the well service rig business and wireline business that it acquired as part of its acquisition of Pioneer Energy Services Corp.