Aggregated price index
Aggregated price index with volume information
- 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.
- 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%
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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Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce in its fleet status report today that it has entered into a new contract, an extension and received an LOA, adding USD 35.1 million over approximately 480 days to the total backlog, with good prospects for additional backlog on these units.
Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, February 4, 2021, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2020.
The energy services provider had a good month along with oil prices. Here is what's taking shape.
Hello Pal International Inc. ("Hello Pal" or the "Company") (CSE:HP Frankfurt:27H OTC:HLLPF), a provider of rapidly growing international live-streaming, social messaging and language learning mobile apps, is pleased to announce that it achieved over $2,114,505 CAD (10,848,046 CNY) in revenue for the month of December.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020, the Company had an average of 64 drilling rigs operating. For the three months ended December 31, 2020, the Company had an average of 62 drilling rigs operating.
CALGARY, Alberta, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a series of announcements including: 1) debt repayment update; 2) increase in long-term debt reduction target; 3) liquidity update; and 4) drilling activity update.Debt Repayment UpdateFollowing additional open market repurchases of its unsecured senior notes in the fourth quarter, Precision’s 2020 debt repayments totaled $170 million, exceeding the high e...