Aggregated price index with volume information
Summary:
- Engineering Services stocks up 0.6% on average while median return up 0.2% in a day
- Engineering Services stocks up 3.5% on average while median return up 1.7% in a week
- Engineering Services stocks up 2.1% on average while median return up 1.8% 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 $MG 28.3%, $WLDN 14.7%, $TTEK 12.1%, $ACM 7.7%, $TISI 4.3%
- 1M losers are : Losers for past month are $J -1.2%, $NVEE -2.8%, $BWXT -4.8%, $MTRX -7.2%, $BEEM -12.5%
- 1W winners are : Winners for past week are $MG 16.3%, $VSEC 6.6%, $MTRX 5.1%, $WLDN 4.3%, $TISI 3.0%
- 1W losers are : Losers for past week are $ACM -0.1%, $FLR -0.3%, $BEEM -3.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 27.6%, for the past 3 months is 25.6%
In the past month for a 5 days rolling window, the highest corrrelation is 59.4%, the lowest correlation is 2.2%, the latest correlation is 13.0%
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 79.4% between BWXT and MTRX
The lowest correlation is -28.8% between HSC and VSEC
Climb Global, EZCORP, Willdan, Northwest Pipe and Interface are part of the Zacks Screen of the Week article.
Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are CLMB, EZPW, WLDN, NWPX, TILE.
A solid place to start looking for great stocks to buy in August and beyond is to find Zacks Rank #1 (Strong Buy) stocks--improving earnings outlooks--that are also efficiently generating profits.
Willdan (WLDN) secures a $102 million contract from CCSD to deliver energy-saving projects across 204 campuses.
Willdan (WLDN) possesses solid growth attributes, which could help it handily outperform the market.
Willdan (WLDN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Lower operating expenses and enhanced margins across several regions aid Team's (TISI) earnings in Q2.
Willdan (WLDN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Willdan (WLDN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
We recently compiled a list of the 20 Industrial Stocks Already Riding the AI Wave. In this article, we are going to take a look at where Fluor Corporation (NYSE:FLR) stands against the other industrial stocks that are already riding the AI wave. When investors think of artificial intelligence (AI), they usually relate the thought […]