Aggregated price index with volume information
Summary:
- SmallCap Defense stocks down 1.4% on average while median return down 1.4% in a day
- SmallCap Defense stocks up 1.2% on average while median return up 1.2% in a week
- SmallCap Defense stocks up 3.1% on average while median return up 3.2% 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 $DCO 9.2%
- 1M losers are : Losers for past month are $KTOS -2.9%
- 1W winners are : Winners for past week are $DCO 4.2%
- 1W losers are : Losers for past week are $KTOS -1.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 0.4%, for the past 3 months is 0.5%
In the past month for a 5 days rolling window, the highest corrrelation is 61.7%, the lowest correlation is -28.7%, the latest correlation is -26.4%
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 54.3% between DCO and KTOS
The lowest correlation is -35.4% between AJRD and KTOS
SANTA ANA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, today announced that it has been recognized as part of an elite group of top performing suppliers by Lockheed Martin Aeronautics (NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award. The recognition is based on Ducommun having achieved outstanding performance level
ROCKVILLE, Md., April 22, 2024--Today, Albion River LLC issued the following statement:
In 2021, space stocks snagged more than $20 billion in new funds, while private space counterparts raised more than $12 billion. That enthusiasm for space stocks to buy seemed to have waned, though, whether due to interest rate hikes or general investor unease over moonshot company prospects and financial viability. But the global space stocks to buy race isn’t slowing down. If anything, it’s accelerating as more objects launch into orbit daily. Still, that creates a conundrum: is it better to i
Together the companies showcase technology capable of supporting multi-orbit, multi-mission satellite ground operationsSAN DIEGO and LUXEMBOURG, April 17, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, and SES, a leader in global content connectivity solutions, successfully executed a fully virtualized satellite communications (SATCOM) ground system demonstration for the U.S. Army’s Com
SANTA ANA, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it plans to release the Company's 2024 first quarter financial results on May 8, 2024, prior to the stock market opening. Stephen G. Oswald, the Company’s chairman, president and chief executive officer, and Suman Mookerji, the Company’s senior vice president and chief financial officer, will host a call that day at 10:00 a.m. PT (1:00 p.m. ET) to review thes
Private-investment firm Albion River said it was interested in the part of the company it didn’t already own for $60 a share in cash.
Modern warfare tactics have changed drastically. Increasingly, unmanned aerial vehicles (UAVs) have played a pivotal role in shaping the defense landscape, which bodes well for security specialist Kratos Defense (NASDAQ:KTOS). With its UAV project gaining steam, KTOS stock could be an intriguing long-side wager. Specifically, Kratos developed a stealthy unmanned UAV called the Valkyrie XQ-58A. Per the company’s website, the Valkyrie is a combat drone designed to deliver weapons or assist fighter
Proposal undervalues Ducommun and does not fully reflect the Company’s proven, long-term growth initiatives. Ducommun’s Board and Management remain focused on successfully delivering our Vision 2027 Strategy. SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to an unsolicited, non-binding indicatio
Key Insights The projected fair value for Kratos Defense & Security Solutions is US$18.97 based on 2 Stage Free Cash...
SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems (SMDS) Business Unit, a part of Kratos’ Defense & Rocket Support Services (DRSS) Division, successfully completed the static test firing of the Zeus 2 solid rocket motor (SRM) with Aerojet Rocketdyne, an L3Harris Technologies [NYSE: LHX] company, at their Camden,