Aggregated price index with volume information
Summary:
- Engineering Services stocks up 0.8% on average while median return up 0.9% in a day
- Engineering Services stocks up 3.7% on average while median return up 3.5% in a week
- Engineering Services stocks up 13.7% on average while median return up 6.2% 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 $BEEM 37.3%, $MG 25.9%, $TISI 23.7%, $WLDN 21.2%, $NVEE 12.8%
- 1M losers are : Losers for past month are $TTEK -1.0%
- 1W winners are : Winners for past week are $MG 12.5%, $TISI 7.1%, $ASTC 6.2%, $TTEK 4.2%, $NVEE 4.1%
- 1W losers are : Losers for past week are $J -1.3%, $BWXT -2.8%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.2%, for the past 3 months is 26.0%
In the past month for a 5 days rolling window, the highest corrrelation is 76.8%, the lowest correlation is 1.2%, the latest correlation is 72.0%
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 86.5% between BWXT and J
The lowest correlation is -14.1% between HSC and WLDN
Discover why Zacks rates Team as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore the company's strategic cost management, ambitious revenue growth plans and the financial hurdles it faces in the current market environment.
Tetra (TTEK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Flex (FLEX) delivered earnings and revenue surprises of 24.39% and 7.14%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
HOLLYWOOD, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has been awarded $10 million in contracts by the North Carolina Department of Transportation (NCDOT) to advance key infrastructure projects throughout the state. “NV5’s DOT Growth Initiative was launched in 2023 to ensure that our most highly qualified engineers and technical
Jacobs (NYSE:J) was awarded the competitive Federal Bureau of Investigation (FBI) Information Technology Supplies and Support Services 2nd Generation (ITSSS-2) Blanket Purchase Agreement (BPA). This agreement, which will also be available to the broader Department of Justice, provides critical IT support to the FBI. The contract highlights Jacobs' nearly two-decade-long collaboration with the FBI, emphasizing its role as a reliable provider of innovative IT solutions.
Key Insights NV5 Global's estimated fair value is US$205 based on 2 Stage Free Cash Flow to Equity NV5 Global's US$103...
HOLLYWOOD, Fla., July 23, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $5 million contract by the National Oceanic and Atmospheric Administration (NOAA) Office of Coast Survey to conduct a comprehensive hydrographic survey in Lake Michigan. "NV5’s geospatial marine surveying business continues its strategic expansion into new geographies to s
Tetra (TTEK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
HOLLYWOOD, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it will host an Investor Day on Thursday, July 25, 2024 at 10:00 am Central Time. The Investor Day, entitled “The Nexus of Engineering and Technology,” will be held at the Western Golf Association Headquarters in Glenview, IL during the first round of the NV5 Invitational, an annual event on th
OTTAWA, Ontario & BELOIT, Wis., July 22, 2024--BWXT Medical Ltd., a subsidiary of BWX Technologies, Inc. (NYSE: BWXT) and NorthStar Medical Radioisotopes, LLC (NorthStar) today announced that they have signed a Master Services Agreement (MSA), which will facilitate the production of actinium-225 (Ac-225), a critical medical isotope used to kill cancer cells while minimizing the impact to healthy tissues.