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Contract Drilling Stocks$162.58
-3.19%4:00PM 01/15/2021
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 @ 19:45:17 PM 01/15/2021
Summary :
Average return is down -2.7%
Median return is down -3.8%
2 out of 9 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Contract Drilling stocks down 3.2% on average while median return down 3.8% in a day
  • Contract Drilling stocks up 3.8% on average while median return up 1.4% in a week
  • Contract Drilling stocks up 25.8% on average while median return up 15.2% 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 ticker for detail)
Ticker
1 Day Return
1 Week Return
1 Month Return
PE Ratio
PE Growth Ratio
Price To Book
Earning Growth
MarketCap
Short %
Held By Institutions %
20 Days Price ZScore
50 Days Price ZScore
12-26 Days percentage price oscillator
20 Days Volume ZScore
BORR1.00%
0.60%
-20.20%
179.6M-0.010.754.41%
BROG-0.30%
-2.30%
-1.90%
7.1935.20%1.2B0.31%3.20%-1.020.802.19%
HP-6.50%
1.50%
6.70%
-5.451.130.752.7B7.07%92.39%0.870.913.58%-0.27
HPK0.00%
1.20%
21.10%
1.6B0.89%0.681.2512.63%-1.14
HPKEW-0.90%
7.30%
183.70%
1.5B0.991.8728.93%-0.18
ICD-3.60%
5.80%
15.20%
-0.040.0625M2.08%27.55%1.441.546.26%0.13
NBR-4.10%
-4.60%
-7.70%
-0.480.050.34476.5M17.72%66.78%0.470.734.29%0.23
PDS-7.30%
1.30%
15.30%
0.763.73333.5M32.27%1.231.497.51%1.40
PTEN-4.10%
6.30%
20.50%
-1.540.110.471.2B12.86%97.90%1.431.588.01%1.50
RIG-6.00%
18.00%
34.40%
-3.55-0.730.122B20.24%48.91%1.631.7912.76%-0.09

Related ETFs (click on ticker for detail)

leak data

  • 1M winners are : Winners for past month are $HPKEW 183.7%, $RIG 34.4%, $HPK 21.1%, $PTEN 20.5%, $PDS 15.3%
  • 1M losers are : Losers for past month are $BROG -1.9%, $NBR -7.7%, $BORR -20.2%
  • 1W winners are : Winners for past week are $RIG 18.0%, $HPKEW 7.3%, $PTEN 6.3%, $ICD 5.8%, $HP 1.5%
  • 1W losers are : Losers for past week are $BROG -2.3%, $NBR -4.6%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 30.9%, for the past 3 months is 26.3%

In the past month for a 5 days rolling window, the highest corrrelation is 56.0%, the lowest correlation is -5.0%, the latest correlation is 11.0%

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 87.0% between HP and PTEN

The lowest correlation is -24.3% between BORR and HPK

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