Aggregated price index with volume information
Summary:
- The momentum of the sector is very strong.
- SmallCap Defense stocks up 2.0% on average while median return up 1.9% in a day
- SmallCap Defense stocks up 7.2% on average while median return up 7.2% in a week
- SmallCap Defense stocks up 12.9% on average while median return up 13.4% 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 $KTOS 14.4%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $KTOS 8.1%
- 1W losers are : Losers for past week are
Correlation Analysis
Index correlation analysis
Correlation for the past month is 46.0%, for the past 3 months is 27.7%
In the past month for a 5 days rolling window, the highest corrrelation is 89.8%, the lowest correlation is 12.9%, the latest correlation is 29.9%
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 79.4% between DCO and KTOS
The lowest correlation is 18.3% between AJRD and KTOS
Here is how Kratos (KTOS) and Rolls-Royce Holdings PLC (RYCEY) have performed compared to their sector so far this year.
Revised proposal undervalues Ducommun’s mid- and long-term growth initiatives and does not fully reflect the Company’s strong record of performance.Ducommun’s Board and Management remain focused on successfully delivering our Vision 2027 Strategy. COSTA MESA, Calif, July 25, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to
COSTA MESA, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it plans to release the Company's 2024 second quarter financial results on August 8, 2024, prior to the stock market opening. Stephen G. Oswald, the Company’s chairman, president and chief executive officer, and Suman Mookerji, the Company’s senior vice president and chief financial officer, will host a call that day at 10:00 a.m. PT (1:00 p.m. ET) to review
Two money managers discuss what lies ahead for a reviving sector.
GE Aerospace (NYSE:GE) and Kratos Turbine Technologies, a division of Kratos Defense & Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), collaborative combat aircraft, and similar applications. The partnership builds on an existing joint development agreement and includes full-scale engine production.
COSTA MESA, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, confirmed today that on July 15, 2024, the Company’s Board of Directors received an unsolicited revised non-binding indication of interest from Albion River LLC (“Albion River”), a private direct investment firm, to acquire all outstanding shares of Ducommun for $6
It may not be prevalent in our day to day lives right now, but space is definitely the future. The number of rocket launches per year is increasing worldwide. There were 211 successful launches in 2023, marking an almost 20% increase from 2022. The space economy market is growing quickly. It is expected to reach a $1.1 trillion evaluation by 2030 growing at an 8.9% CAGR. Government subsidization of space exploration initiatives, as well as private funding, are factors making this growth rate pos
Key Insights Significantly high institutional ownership implies Kratos Defense & Security Solutions' stock price is...
Here is how Kratos (KTOS) and Rolls-Royce Holdings PLC (RYCEY) have performed compared to their sector so far this year.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how defense contractors stocks fared in Q1, starting with Kratos (NASDAQ:KTOS).