Aggregated price index
Aggregated price index with volume information
Summary:
- SmallCap Defense stocks down 1.5% on average while median return down 1.6% in a day
- SmallCap Defense stocks down 5.0% on average while median return down 3.3% in a week
- SmallCap Defense stocks down 3.8% on average while median return down 1.3% 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 $DCO 1.1%
- 1M losers are : Losers for past month are $KTOS -13.7%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $KTOS -8.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.9%, for the past 3 months is 27.0%
In the past month for a 5 days rolling window, the highest corrrelation is 79.7%, the lowest correlation is -40.4%, the latest correlation is 3.3%
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 66.2% between DCO and KTOS
The lowest correlation is -2.5% between AJRD and DCO
Stock news
The U.S. Federal Trade Commission, which assesses mergers to ensure they comply with antitrust law, has put off a vote on Lockheed Martin's purchase of Aerojet Rocketdyne for as much as two weeks, two people briefed on the matter said. Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through. A Lockheed Martin spokesperson declined to comment.
WASHINGTON (Reuters) -The U.S. Federal Trade Commission, which assesses mergers to ensure they comply with antitrust law, has put off a vote on Lockheed Martin's purchase of Aerojet Rocketdyne for as much as two weeks, two people briefed on the matter said. Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through. A Lockheed Martin spokesperson declined to comment.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks.
SAN DIEGO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, today announced that its President & CEO, Eric DeMarco, and its Executive VP & CFO, Deanna Lund, will present at the Needham Virtual Growth Conference on January 12th at 4:15pm Eastern. A live webcast of Kratos’ presentation will be available on the Company’s website at https://ir.kratosdefense.com/events-presentations. The webcast will be archive
Kratos (KTOS) clinches a modification contract to procure 65 BQM-177A Sub sonic Aerial Targets for the U.S Navy and its foreign allies.
SANTA ANA, Calif., Dec. 30, 2021 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) announced today that its Board of Directors elected Samara A. Strycker as an independent director of the company, effective December 29, 2021. Ms. Strycker’s appointment expands the number of directors on Ducommun’s board to eight, seven of whom are independent. Ms. Strycker will be a member of the company’s Audit Committee. “We are very happy to have Samara join our board and look forward to her contributions,