Aggregated price index
Aggregated price index with volume information
Summary:
- SmallCap Defense stocks down 0.6% on average while median return down 0.4% in a day
- SmallCap Defense stocks up 4.1% on average while median return up 4.7% in a week
- SmallCap Defense stocks up 13.2% on average while median return up 5.1% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes
- 1M winners are : Winners for past month are $DCO 43.0%, $AJRD 6.4%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $DCO 14.0%, $KTOS 5.7%
- 1W losers are : Losers for past week are $CUB -6.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 47.9%, for the past 3 months is 19.3%
In the past month for a 5 days rolling window, the highest corrrelation is 85.2%, the lowest correlation is -13.6%, the latest correlation is -13.6%
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 54.9% between CUB and DCO
The lowest correlation is 41.8% between AJRD and CUB
Stock news
This article will reflect on the compensation paid to Eric DeMarco who has served as CEO of Kratos Defense & Security...
SAN DIEGO, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has acquired 5-D Systems, Inc., a CMMI Level 3 Systems and Software Engineering company with facilities in the Austin, Texas area and in Huntsville, Alabama. 5-D is well-known in the defense/aerospace industry for its more than 20 years o...
BQM-177A Subsonic Aerial Target (SSAT) BQM-177A Subsonic Aerial Target (SSAT)SAN DIEGO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has delivered the 100th production BQM-177A Subsonic Aerial Target (SSAT), nearing completion of its third and final Low Rate Initial Production (LRIP) contract....
Shares of Cubic (NYSE:CUB) moved higher by 1.23% after the company reported Q4 results.Quarterly Results Earnings per share increased 51.61% over the past year to $2.82, which beat the estimate of $2.04.Revenue of $475,400,000 rose by 0.89% from the same period last year, which missed the estimate of $479,620,000.Looking Ahead Cubic hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Nov 18, ...
Air and ground crews can now collectively train in this mixed reality environment UH-1 Helicopter An actual UH-1 helicopter inside the blue electroluminescent interior of the Kratos immersive environment.SAN DIEGO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, today introduced its Aircrew Combat Mission Training (ACMT) system that utilizes advanced immersive training technology to allow teams to train t...
CAPE CANAVERAL, Fla., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne propulsion hardware played a key role in the successful launch of a classified U.S. National Reconnaissance Office (NRO) payload from Space Launch Complex 41 here aboard a United Launch Alliance (ULA) Atlas V rocket. “We take our role in helping to launch critical national security assets into orbit for the National Reconnaissance Office very seriously,” said Eileen P. Drake, Aerojet Rocketdyne’s CEO and president. “Our ...
Better-than-expected Q3 performance of defense players over the past five trailing sessions and Wall Street's surge on successful vaccine trial data boosted share price performance of defense companies.
Spotlight Advisors is topping league tables this year in terms of the number of campaigns—both offense and defense—it’s working on. Spotlight’s beating out Goldman Sachs and Morgan Stanley, according to FactSet data.