MARKET COMPOSITE
Transportation Stocks21-00-2023 20:00:00 PM
Price
$103.14
+ 0.32%
The list of companies include AAL-American Airlines Group Inc, AAWW-Atlas Air Worldwide Holdings Inc., AIRT-Air T Inc, ALGT-Allegiant Travel, ALK-Alaska Air Group Inc., ARCB-ArcBest Corp, ASC-Ardmore Shipping Corp, ATCO-Atlas Corp., ATSG-Air Transport Services Group Inc, CAAP-Corporacion America Airports S.A., CHRW-C.H. Robinson Worldwide, Inc., CMRE-Costamare Inc, CNI-Canadian National Railway Co., CP-Canadian Pacific Railway Ltd, CPA-Copa Holdings S.A., CSX-CSX Corp., CVLG-Covenant Logistics Group Inc, CYRX-CryoPort Inc, DAC-Danaos Corporation, DAL-Delta Air Lines, Inc., DHT-DHT Holdings Inc, DSKE-Daseke Inc, DSX-Diana Shipping Inc, EDRY-EuroDry Ltd, EGLE-Eagle Bulk Shipping Inc, ESEA-Euroseas Ltd, EXPD-Expeditors International Of Washington, Inc., FDX-Fedex Corp, FRO-Frontline Ltd, FWRD-Forward Air Corp.
* Latest intraday update before market close @ 19:45:45 PM 04/19/2024
Summary
:
Average return is up 0.7%
Median return is up 0.8%
62 out of 89 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
TRMD + 1.6%ODFL + 1.6%MATX + 1.6%SFL + 1.7%CMRE + 1.8%GLNG + 1.8%DHT + 1.8%CVLG + 1.8%LSTR + 1.9%JBHT + 1.9%RYAAY + 2.0%CHRW + 2.1%SNDR + 2.2%TK + 2.4%INSW + 2.4%HTLD + 2.7%ULH + 3.0%HUBG + 3.1%MRTN + 3.6%SMHI + 3.6%DLNG + 4.0%FWRD + 4.0%AIRT + 8.0%

Aggregated price index with volume information

Summary:

  • Transportation stocks up 1.1% on average while median return up 0.9% in a day
  • Transportation stocks down 1.3% on average while median return down 1.6% in a week
  • Transportation stocks down 0.9% on average while median return down 3.5% 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
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
AIRT6.0%
-2.4%
8.1%
-4.713.190.3440.9M1%26%58/\/Above resistance550.6%
FWRD4.5%
-7.0%
-12.2%
3.71.934.401.8134%627.7M2%101%33/-\220-0.3%
YGMZ4.4%
17.5%
-4.1%
2.39-66%10.8M3%1%60
ULH4.0%
1.2%
-4.1%
9.482.792.230.4278%880.8M1%26%47\/\/1570.2%
DLNG3.8%
6.8%
28.1%
3.480.480.7592%120.7M0%20%72\/At resistance1260.1%
MRTN3.7%
-3.4%
-9.6%
19.171.742.121.5331%1.3B5%72%33/\/\At support220-0.1%
SMHI3.7%
-5.8%
-9.8%
-36.20.270.77338.4M2%51%41\/4380.2%
HTLD3.2%
-3.7%
-11.3%
56.11.381.862.134%828.3M5%59%35-\/\At support220-0.1%
CVLG2.9%
-1.6%
0.2%
11.221.390.40481.9M4%61%44/\/-At support56-0.0%
INSW2.8%
1.7%
0.6%
4.710.561.592.6B4%97%52\/2200.1%
TK2.8%
0.0%
-1.8%
4.650.720.23660.3M3%27%47\/\/Below support2200.2%
HUBG2.7%
-2.7%
-4.1%
15.210.961.880.6230%2.5B2%95%40\/\/\61-0.1%
SNDR2.7%
-1.9%
-3.5%
15.870.921.800.8525%2B4%51%39/-/\220-0.1%
RYAAY2.6%
-0.3%
-4.9%
26.375.3615.2231.7B46%45/\/2200.2%
CMRE2.3%
-0.7%
-2.6%
3.71-0.21.023.17108%1.3B3%28%45\/-\/2200.1%
LSTR2.2%
-4.5%
-7.6%
23.230.937.801.3289%6.1B4%105%34/\/-At support2200.0%
SFL2.0%
1.0%
-4.6%
19.17-1.331.132.241.8B2%27%46\/\/At support2200.2%
ASC1.9%
0.0%
-3.1%
-0.190.390.57645.2M3%78%46\/-2200.0%
CHRW1.9%
1.0%
-3.7%
26.191.716.630.72122%8.3B11%94%47/-/\220-0.1%
EDRY1.9%
2.5%
-7.1%
1.812.6657.8M1%12%44\-/Below support520.1%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $DLNG 28.1%, $ALK 16.1%, $UAL 11.7%, $EURN 11.3%, $VLRS 9.4%
  • 1M losers are : Losers for past month are $FWRD -12.2%, $JBHT -14.2%, $PTSI -14.7%, $AZUL -33.2%, $ODFL -51.2%
  • 1W winners are : Winners for past week are $UAL 22.9%, $VLRS 10.6%, $ALK 9.0%, $AAL 7.3%, $DLNG 6.8%
  • 1W losers are : Losers for past week are $XPO -9.0%, $JBHT -9.8%, $SAIA -10.4%, $PSHG -10.4%, $AZUL -12.0%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 17.0%, for the past 3 months is 12.5%

In the past month for a 5 days rolling window, the highest corrrelation is 22.2%, the lowest correlation is 4.4%, the latest correlation is 10.7%

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 88.6% between CNI and CP

The lowest correlation is -62.7% between AIRT and CYRX

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