Market Composite

Oilfield Services/Equipment Stocks$178.73

-2.43%4:00PM 07/30/2021

The list of companies include AROC-Archrock Inc, BKR-Baker Hughes Co, CHX-ChampionX Corporation, CKH-SEACOR Holdings Inc, CLB-Core Laboratories N.V., DOV-Dover Corp., DRQ-Dril-Quip, Inc., DWSN-Dawson Geophysical Company, ENG-Englobal Corporation, EXTN-Exterran Corp, FET-Forum Energy Technologies Inc, FI-Franks International N.V., FTK-Flotek Industries Inc, FTSI-FTS International Inc., GEOS-Geospace Technologies Corp, HAL-Halliburton Co., HLX-Helix Energy Solutions Group Inc, IO-ION Geophysical Corp, KLXE-KLX Energy Services Holdings Inc, LBRT-Liberty Oilfield Services Inc, MIND-MIND Technology Inc, NCSM-NCS Multistage Holdings Inc, NESR-National Energy Services Reunited Corp, NEX-NexTier Oilfield Solutions Inc, NGS-Natural Gas Services Group, Inc., NINE-Nine Energy Service Inc, NOA-North American Construction Group Ltd, NOV-National Oilwell Varco Inc., NR-Newpark Resources, Inc., OII-Oceaneering International, Inc.

Latest intraday update before market close @ 19:45:54 PM 07/30/2021

Summary :

Average return is down -2.4%

Median return is down -2.2%

7 out of 48 stocks are up (limited to those with intraday pricing feeds).

Top Movers : TUSK -13.4%, OIS -7.5%, IO -6.6%, RCON -6.1%, DRQ -4.9%, LBRT -4.8%, OII -4.8%, RNGR -4.7%, RES -4.6%, WHD -4.1%, HLX -4.1%, PUMP -4.0%,

Aggregated price index

Aggregated price index with volume information

Summary:

Oilfield Services/Equipment stocks down 2.4% on average while median return down 2.1% in a day
Oilfield Services/Equipment stocks up 0.1% on average while median return up 0.8% in a week
Oilfield Services/Equipment stocks down 11.6% on average while median return down 9.7% 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.

Related Stocks

Click on + to show price series and click on ticker for stock detail page

Ticker	1 Day Return	1 Week Return	1 Month Return	PE Ratio	PE/G	P/B (mrq)	P/S (ttm)	Earning Growth	MarketCap	Short %	Held By Institutions %	RSI	Price Pattern	Days Since Channel Change	Channel Slope (daily rate %)	Half Channel Bandwidth	Distance to Channel MidPoint %

FTK	4.2%	9.4%	1.2%	-1.52	-0.46	3.49	3.17		127.3M	4%	43%	52	\/\	168	-0.2%	26.1%	7.0%
WTTR	2.9%	5.7%	-1.5%	-4.34	0.45	0.93	1.33		522.7M	2%	72%	53	\-/	168	0.2%	17.7%	-5.1%
NGS	1.4%	4.1%	-2.7%	-49.55	-3.87	0.57	2.13		136.1M	0%	87%	52	\/-	85	0.0%	12.0%	-1.2%
DOV	1.2%	1.7%	11.0%	27.58	2.04	5.88	2.98	32%	24.1B	1%	86%	71	\/	85	0.2%	5.5%	4.4%
NOA	0.5%	-3.2%	-1.3%		2.38	1.58	0.85	2%	449.4M		67%	53	\-/	85	0.3%	8.6%	-2.4%
BKR	0.3%	5.1%	-7.1%	-318.44	0.07		1.18		22B	4%	92%	45	\/-	85	0.0%	12.0%	-9.9%
PBFX	0.3%	1.2%	-8.2%		0.84	4.99	2.63	7%	851.9M	6%	22%	43	\-/	168	0.4%	17.5%	-16.1%
SDPI	0.3%	-5.3%	-21.9%			6.87	3.01		18.5M	2%	5%	31
SOI	0.2%	-1.0%	-10.7%	-21.71	22.67	1.37	5.07		277.2M	2%	78%	39	\/\	85	-0.3%	16.8%	-3.6%
MINDP	-0.1%	-0.5%	0.6%			115.35	2.10		28.1M	0%		54	-/-	52	0.0%	3.1%	0.1%
CLB	-0.3%	0.8%	-14.4%	79.22	0.85	13.48	4.32		1.5B	12%	110%	38	\/	168	0.4%	17.0%	-17.8%
TDW	-0.4%	1.8%	-6.1%	-2.15	-1.11	0.68	1.47		462.4M	2%	87%	41	\/-	85	0.0%	15.3%	-13.4%
FET	-0.5%	3.0%	-7.5%	-1.36	-0.02	0.34	0.29		121.6M	8%	45%	45	\/	168	0.5%	15.5%	-13.6%
SPNV	-0.6%	-0.6%	-0.6%						397.3M	7%	85%	24	/\-	64	0.0%	2.9%	-0.7%
DWSN	-0.7%	-3.2%	3.8%			0.72	1.06		63.9M	1%	63%	50	/	142	0.1%	10.3%	1.0%
NINE	-1.1%	0.8%	-10.5%	-0.91	0.02	6.22	0.38		82.5M	5%	66%	49	\-/	252	0.2%	41.0%	-6.2%
ENG	-1.2%	2.0%	-16.5%	-41.33		5.31	1.61	-96%	88.7M	4%	34%	44	-/\	85	-0.5%	54.3%	1.5%
FI	-1.4%	7.8%	-9.2%		0.4	1.14	2.03		626.2M	1%	58%	46	\/\	85	-0.3%	17.4%	-2.9%
USAC	-1.5%	-3.5%	-7.3%		45.09	5.62	2.40		1.5B	2%	24%	33	\/	168	0.2%	12.6%	-9.2%
KLXE	-1.6%	0.8%	-36.9%				0.31		53.5M	10%	27%	28	\-/\	85	-0.4%	43.0%	-28.9%

* 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 $DOV 11.0%, $GEOS 7.9%, $DWSN 3.8%, $MIND 2.1%, $FTK 1.2%
1M losers are : Losers for past month are $PED -28.9%, $NESRW -29.3%, $FTSI -30.9%, $IO -35.4%, $KLXE -36.9%
1W winners are : Winners for past week are $FTK 9.4%, $NR 8.0%, $FI 7.8%, $WTTR 5.7%, $CHX 5.4%
1W losers are : Losers for past week are $PED -7.4%, $TUSK -8.0%, $KNOP -8.1%, $NESRW -8.6%, $LBRT -9.3%

Pick two stocks to compare:

AROC

CHX

Correlation Analysis

Index correlation analysis

Correlation for the past month is 38.9%, for the past 3 months is 32.8%

In the past month for a 5 days rolling window, the highest corrrelation is 54.0%, the lowest correlation is 13.0%, the latest correlation is 31.5%

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 92.9% between AROC and CHX

The lowest correlation is -57.9% between DWSN and MINDP