Aggregated price index with volume information
Summary:
- Boeing and Suppliers stocks up 0.8% on average while median return up 0.9% in a day
- Boeing and Suppliers stocks up 0.6% on average while median return up 1.0% in a week
- Boeing and Suppliers stocks down 6.9% on average while median return down 9.4% 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 $RTX 5.9%
- 1M losers are : Losers for past month are $BA -11.0%, $HXL -11.4%
- 1W winners are : Winners for past week are $HXL 4.5%, $TGI 3.7%
- 1W losers are : Losers for past week are $BA -2.0%, $SPR -4.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 28.1%, for the past 3 months is 18.8%
In the past month for a 5 days rolling window, the highest corrrelation is 61.5%, the lowest correlation is 6.6%, the latest correlation is 18.9%
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 49.1% between BA and RTX
The lowest correlation is -8.7% between HXL and SPR
Airbus reported higher first-quarter profit and revenue, but results came in below what Wall Street was expecting. Airbus reported results just before noon ET Thursday in the U.S., after the European markets had closed for the day. France-based Airbus is still trouncing its U.S. rival on pure metrics so far this year.
The airline also announced that it will be pulling out of four airports.
As turbulence persists for Boeing, Airbus is powering ahead. Airbus handed 142 planes to customers in the first quarter, up nearly 12% on the prior year. Boeing, on the other hand, delivered 83 in the quarter, a 36% drop from a year earlier.
Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. Airbus reported 577 million euros ($618.37 million) in adjusted operating profit, down 25% on the year, revenue of 12.83 billion euros and a free cash outflow of 1.8 billion euros. "Geopolitical and supply chain tensions continue," Airbus CEO Guillaume Faury ...
Boeing's Rating Outlook Cut by S&P Global Ratings
Boeing Investors 'Highly Disappointed' by Recent Setbacks, BofA Securities Says
Southwest Cuts Revenue View on Boeing Delivery Delays; American Airlines Posts Bigger-Than-Expected Quarterly Loss
Southwest Airlines announced Thursday it will stop serving four airports after reporting increased losses in the first quarter and more delays in the delivery of promised jets from Boeing.
The company is slowing its hiring and closing four stations in response to Boeing's 737 issues.
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.