Market Composite

Transportation Stocks$168.34

-1.03%4:00PM 07/30/2021

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, DSSI-Diamond S Shipping Inc, DSX-Diana Shipping Inc, ECHO-Echo Global Logistics Inc, EDRY-EuroDry Ltd, EGLE-Eagle Bulk Shipping Inc, ESEA-Euroseas Ltd, EXPD-Expeditors International Of Washington, Inc., FDX-Fedex Corp

Latest intraday update before market close @ 19:45:52 PM 07/30/2021

Summary :

Average return is down -1.2%

Median return is down -1.1%

31 out of 110 stocks are up (limited to those with intraday pricing feeds).

Top Movers : GLOP -6.8%, HMLP -6.0%, USAK -5.7%, AZUL -5.7%, GOL -5.6%, SAVE -5.3%, YGMZ -4.6%, AAL -4.4%, CPA -4.3%, UAL -4.1%, KEX -4.0%, SMHI -3.9%, ALGT -3.6%, VRRM -3.5%, GLBS -3.4%, HA -3.4%, DAL -3.4%, GNK -3.3%, EDRY -3.3%, NM -3.2%, ZNH -3.1%, JBLU -3.0%, GLNG -2.9%, BEST -2.9%, EGLE -2.9%, SKYW -2.9%, NNA -2.8%, VLRS -2.8%,

Aggregated price index

Aggregated price index with volume information

Summary:

Transportation stocks down 1.0% on average while median return down 1.0% in a day
Transportation stocks down 0.3% on average while median return down -0.3% in a week
Transportation stocks down 6.0% on average while median return down 4.9% 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 %

ASC	7.1%	2.3%	-14.0%		-0.19	0.39	0.57		120.5M	3%	78%	46	\/\	85	-0.1%	18.4%	-9.7%
GFL	4.0%	6.7%	9.2%			37.82	2.27		11B	8%	94%	69	/\	72	-0.1%	5.1%	9.9%
GRIN	3.9%	7.3%	-0.2%			0.99	0.76		208.9M	0%	27%	54	/	118	0.9%	6.3%	-4.0%
AIRT	2.3%	6.3%	24.0%	-11.88		3.19	0.34		86.3M	1%	26%	79
MATX	2.3%	3.1%	4.9%	10.59	0.59	2.59	1.03	2195%	2.9B	4%	88%	59	\/\	85	-0.1%	6.7%	8.2%
SAIA	1.9%	9.2%	7.9%	40.81	1.44	5.33	2.87	33%	6B	4%	105%	67	\/\	85	-0.1%	5.5%	8.9%
ONEW	1.7%	1.0%	11.8%			0.10	0.50	1787%	515.5M	4%	81%	60	/	75	0.1%	11.9%	-0.2%
TRMD	1.6%	5.2%	0.3%			0.63	0.86		215.5M		82%	56	\/\	62	-0.1%	5.8%	1.9%
KSU	1.4%	-1.3%	-5.5%	189.93	1.93	6.04	9.95	1%	24.4B	4%	89%	44	\/	85	0.2%	7.0%	-10.9%
TNP	1.3%	5.3%	-7.6%	-9.9		0.11	0.23		144.7M	3%	27%	50	\-\	85	-0.0%	24.0%	-8.3%
CP	1.2%	0.6%	-3.4%	23.82	16.66	6.43	6.68	47%	49.6B	2%	83%	50	/\	62	-0.1%	3.4%	-1.0%
GASS	1.2%	-1.2%	-8.9%		1.63	0.19	0.73	-75%	95.8M	0%	53%	39
MRTN	1.2%	3.7%	-4.1%	17.85	1.74	2.12	1.53	31%	1.3B	5%	72%	47	-/-\	85	-0.0%	6.0%	-3.4%
CNI	1.1%	2.6%	2.9%	23.51	3.36	3.73	5.39	-4%	77B		77%	59	\/\	85	-0.1%	5.0%	3.4%
VNT	1.1%	-1.6%	-0.7%	16.01	2.18		2.00		5.5B	3%	92%	50	/\/\	43	-0.1%	5.9%	0.1%
EXPD	1.0%	-1.6%	1.3%	25.45	2.69	7.08	1.76	135%	21.7B	3%	97%	54	\/	85	0.3%	3.2%	-4.1%
ECHO	0.9%	9.6%	0.6%	28.38	0.77	1.95	0.30		823.8M	4%	96%	60	\/-	85	-0.0%	7.6%	-0.9%
LSTR	0.9%	2.9%	-0.6%	26.39	0.93	7.80	1.32	89%	6B	4%	105%	52	\/\	85	-0.1%	3.7%	0.4%
RLGT	0.8%	1.6%	-10.2%		0.41	2.23	0.38	9304%	311.7M	3%	56%	37	\/-	85	-0.0%	6.4%	-10.3%
CSX	0.7%	-1.5%	0.7%	21.99	1.53	5.46	6.81	-8%	72.9B	1%	76%	52	/-/\	56	-0.1%	3.0%	2.6%

* 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 $OSG 27.3%, $AIRT 24.0%, $TFII 22.8%, $PTSI 18.5%, $VLRS 14.9%
1M losers are : Losers for past month are $GLBS -26.8%, $NNA -29.9%, $BEST -43.3%, $NM -53.7%, $HMLP -68.8%
1W winners are : Winners for past week are $GPP 12.1%, $ECHO 9.6%, $SAIA 9.2%, $TFII 7.9%, $GRIN 7.3%
1W losers are : Losers for past week are $NM -9.6%, $UPS -9.6%, $BEST -11.4%, $GLOP -17.3%, $HMLP -68.6%

Pick two stocks to compare:

ALGT

DAL

Correlation Analysis

Index correlation analysis

Correlation for the past month is 30.0%, for the past 3 months is 23.7%

In the past month for a 5 days rolling window, the highest corrrelation is 53.3%, the lowest correlation is 10.2%, the latest correlation is 28.2%

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 92.3% between ALGT and DAL

The lowest correlation is -46.7% between BEST and CHRW