Aggregated price index with volume information
Summary:
- Engineering Services stocks down 0.2% on average while median return down 0.1% in a day
- Engineering Services stocks down 0.4% on average while median return down -1.2% in a week
- Engineering Services stocks down 1.4% on average while median return down 3.6% 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 $MTRX 38.3%, $FLR 5.5%, $BWXT 1.4%, $J 0.8%
- 1M losers are : Losers for past month are $NVEE -4.2%, $ACM -5.7%, $VSEC -11.9%, $BEEM -15.0%, $WLDN -16.6%
- 1W winners are : Winners for past week are $MTRX 12.9%, $BEEM 4.5%, $J 3.2%, $NVEE 1.5%, $ACM 1.3%
- 1W losers are : Losers for past week are $WLDN -0.4%, $FLR -0.5%, $TTEK -1.5%, $VSEC -11.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 10.1%, for the past 3 months is 7.0%
In the past month for a 5 days rolling window, the highest corrrelation is 33.2%, the lowest correlation is -1.9%, the latest correlation is 8.7%
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 72.1% between ACM and J
The lowest correlation is -33.2% between ASTC and FLR
Robust construction activity and acquisitions are expected to drive growth for EMCOR (EME).
VSE Corporation (VSEC) and Bernhard Capital Partners mutually agree on terminating the agreement of divesting the VSE Federal and Defense segment.
KBR wins an EPCm contract for Pluto LNG facility from Woodside Energy in Western Australia.
Fluor's (FLR) subsidiary, Fluor Marine Propulsion, secures a $1.36 billion contract to bolster Naval Nuclear Propulsion work.
Installed Building (IBP) banks on profitable acquisitions, diversified product portfolio and end-markets, and efficient capital-allocation strategy.
Increased environmental services and digital water programs within the GSG unit bode well for Tetra Tech (TTEK). The company's measures to reward its shareholders are impressive.
Here are four top-ranked liquid stocks, Surmodics (SRDX), Fluor Corporation (FLR), NVIDIA (NVDA) and Sprinklr (CXM), which investors can add to their portfolio for solid gains.
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