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Contract Drilling Stocks$114.60
-3.34%4:00PM 03/22/2023
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, NE-Noble Corp, BORR-Borr Drilling Ltd, DO-Diamond Offshore Drilling, Inc., SDRL-Seadrill Ltd., VAL-Valaris Ltd
Latest intraday update before market close @ 16:45:24 PM 03/23/2023
Summary :
Average return is up 1.1%
Median return is up 1.2%
8 out of 12 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Contract Drilling stocks down 3.3% on average while median return down 3.0% in a day
  • Contract Drilling stocks up 2.7% on average while median return up 1.5% in a week
  • Contract Drilling stocks down 13.7% on average while median return down 12.1% 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.

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)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
ICD-0.3%
0.7%
-12.5%
-0.060.120.4641.8M7%20%35/\-1250.0%
PDS-1.1%
4.3%
-13.0%
0.760.360.62667.4M45%35\/-Below support1670.0%
RIG-1.5%
3.6%
-11.8%
-6.79-1.10.210.794.4B13%55%42\/-/1670.4%
SDRL-2.5%
1.6%
-11.1%
1.8B42/\22-0.4%
DO-2.7%
11.3%
-2.0%
1.1B48\/Below support1470.5%
NE-2.9%
3.1%
-3.0%
5.2B45/\/Below support1480.3%
HPK-3.1%
1.4%
-18.7%
19.562.4B2%2%34/-/-At support2580.0%
VAL-3.2%
1.5%
-6.9%
4.7B41-\-Below support1460.2%
HP-4.7%
-2.3%
-16.9%
24.081.381.113.213.6B7%91%31\/-Below support1670.0%
NBR-4.9%
-3.7%
-25.1%
-2.760.10.850.501.1B8%70%30\/Below support4990.2%
BORR-6.3%
16.6%
8.5%
0.070.961.8B4%21%55-/-/1140.5%
PTEN-6.7%
-5.1%
-18.1%
15.70.150.962.012.4B10%95%29\/-Below support167-0.0%

* 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.

Related ETFs (click on ticker for stock detail page)

leak data

  • 1M winners are : Winners for past month are $BORR 8.5%
  • 1M losers are : Losers for past month are $PDS -13.0%, $HP -16.9%, $PTEN -18.1%, $HPK -18.7%, $NBR -25.1%
  • 1W winners are : Winners for past week are $BORR 16.6%, $DO 11.3%, $PDS 4.3%, $RIG 3.6%, $NE 3.1%
  • 1W losers are : Losers for past week are $HP -2.3%, $NBR -3.7%, $PTEN -5.1%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 58.9%, for the past 3 months is 47.9%

In the past month for a 5 days rolling window, the highest corrrelation is 71.2%, the lowest correlation is 11.2%, the latest correlation is 58.4%

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 91.4% between HP and NBR

The lowest correlation is -22.1% between BORR and BROG

Stock news