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Trucking$120.07
1.04%4:00PM 10/29/2020

Aggregated price index

Aggregated price index with volume information

Summary:

  • Trucking stocks up 1.0% on average while median return up 0.7% in a day
  • Trucking stocks down 8.7% on average while median return down 5.9% in a week
  • Trucking stocks down 2.2% on average while median return down 3.3% 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 is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies
  • 1M winners are : Winners for past month are $SAIA 16.2%, $GPP 11.0%, $TFII 9.3%, $YRCW 7.6%, $PATI 6.0%
  • 1M losers are : Losers for past month are $SNDR -9.9%, $WERN -10.4%, $USAK -12.5%, $CVLG -20.1%, $USX -21.7%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $YRCW -12.2%, $PTSI -16.2%, $DSKE -16.4%, $CVLG -19.9%, $USX -29.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 42.4%, for the past 3 months is 31.5%

In the past month for a 5 days rolling window, the highest corrrelation is 67.0%, the lowest correlation is 13.4%, the latest correlation is 36.9%

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 87.7% between HTLD and WERN

The lowest correlation is -28.1% between PATI and TFII

Stock news

    10/29/2020USAK
    USA Truck Reports Third Quarter 2020 Results

    USA Truck Reports Third Quarter 2020 Results

    10/27/2020ODFL
    Recap: Old Dominion Freight Line Q3 Earnings

    Shares of Old Dominion Freight Line (NASDAQ:ODFL) rose 0.3% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share were down 16.59% over the past year to $1.71, which beat the estimate of $1.53.Revenue of $1,058,000,000 rose by 0.95% year over year, which beat the estimate of $1,050,000,000.Outlook Earnings guidance hasn't been issued by the company for now.Old Dominion Freight Line hasn't issued any revenue guidance for the time being.Conference Call De...

    10/23/2020SNDR
    Schneider Receives 12th U.S. Ride of Pride Truck and Selects U.S. Marine Corps Veteran as Its Captain

    Schneider announced Tom Lehr, a highly decorated U.S. Marine veteran and Schneider associate, as this year’s Ride of Pride truck driver.

    10/23/2020USX
    Why Shares of U.S. Xpress Are Falling Today

    Shares of U.S. Xpress Enterprises (NYSE: USX) had fallen 21% as of 12:11 p.m. EDT on Friday after the trucking company delivered quarterly results that came in below expectations. The size of the drop seems disproportionate to the quality of the quarter, but U.S. Xpress shares were flying high coming into earnings season, and the markets weren't prepared for a miss. After markets closed Thursday, the trucking company reported third-quarter earnings of $0.20 per share on revenue of $431.5 milli...

    10/22/2020TFII
    TFI Has Strong Q3 As Logistics Bet Pays Off

    TFI International (NYSE: TFII), Canada's largest trucking company, reported a more than 30% jump in profits during the third quarter compared to a year ago as logistics operations and government wage subsidies offset softness from its truckload and less-than-truckload businesses. Montreal-based TFI brought in C$110 million in net income during the quarter, or an adjusted C$1.25 per share, on C$1.25 billion in revenue. Net income increased by 34% versus a year ago, while revenue fell by 4%. T...

    10/22/2020USX
    Recap: U.S. Xpress Enterprises Q3 Earnings

    Shares of U.S. Xpress Enterprises (NYSE:USX) fell 16.8% in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share rose 766.67% over the past year to $0.20, which missed the estimate of $0.21.Revenue of $431,469,000 up by 0.69% from the same period last year, which missed the estimate of $444,880,000.Outlook U.S. Xpress Enterprises hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Deta...

    10/22/2020USAK
    USA Truck (USAK) Reports Next Week: Wall Street Expects Earnings Growth

    USA Truck (USAK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    10/19/2020JBHT
    Why Trucking Stocks Are So Hot Right Now

    There is a load of picks in this sector including MRTN, ULH, WERN, JBHT and SAIA.

    10/13/2020USAK
    USA Truck to Announce Third Quarter 2020 Results on October 29, 2020

    USA Truck to Announce Third Quarter 2020 Results on October 29, 2020