Aggregated price index
Aggregated price index with volume information
Summary:
- Engineering Services stocks down 0.1% on average while median return down -0.6% in a day
- Engineering Services stocks down 1.0% on average while median return down 0.6% in a week
- Engineering Services stocks down 3.3% on average while median return down 5.3% 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.
Click on + to show price series and click on ticker for stock detail page
* 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.
- 1M winners are : Winners for past month are $BEEMW 15.3%, $BWXT 12.2%, $MG 8.4%, $BEEM 7.4%, $HIL 5.5%
- 1M losers are : Losers for past month are $J -9.0%, $HSC -12.0%, $ENG -12.2%, $FLR -15.4%, $MTRX -17.1%
- 1W winners are : Winners for past week are $BEEMW 15.3%, $BWXT 6.2%, $HIL 5.5%, $VSEC 3.6%, $NVEE 1.9%
- 1W losers are : Losers for past week are $HSC -3.5%, $ENG -4.7%, $WLDN -7.1%, $MTRX -8.7%, $BEEM -17.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 44.5%, for the past 3 months is 34.3%
In the past month for a 5 days rolling window, the highest corrrelation is 74.3%, the lowest correlation is 16.9%, the latest correlation is 19.9%
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 87.2% between ACM and J
The lowest correlation is -19.1% between HIL and MTRX
Stock news
CAMP HILL, Pa., June 30, 2022 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: HSC) today announced that it has closed an accounts receivable securitization facility of $150 million with PNC Bank, N.A. The Company expects to initially utilize approximately $120 million of the facility, with this asset monetization providing annual interest savings of approximately $2 million. This transaction also lowers Harsco’s leverage as defined under its existing senior secured credit agreement. The remaining
Cornerstone Building (CNR) sells the coil coatings unit to reshape its portfolio.
Norsk Nukleær Dekommisjonering (NND) selected a joint venture between Jacobs (NYSE:J) and Multiconsult Norge AS to plan the decommissioning of Norway's nuclear facilities.
HOLLYWOOD, Fla., June 29, 2022 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that the City of Oceanside, California has selected NV5 for an approximately $7 million contract to provide owner consultant services for a wastewater reclamation and recycling project. The project is part of the City’s program to decommission the aging La Salina Water Treatment Plant and convey all
UFP Industries' (UFPI) Dempsey Wood buyout will aid the acquirer in securing more industrial woods.
LPX, CSL, and PWR are the industrial stocks with the best value, fastest growth, and most momentum for July 2022.
KBR (KBR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Tetra (TTEK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.