Aggregated price index with volume information
Summary:
- Transportation stocks up 1.3% on average while median return up 1.3% in a day
- Transportation stocks up 2.1% on average while median return up 1.1% in a week
- Transportation stocks down 1.9% on average while median return down 2.6% 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 $DLNG 32.7%, $GRIN 32.0%, $AIRT 25.1%, $VLRS 17.6%, $UAL 16.3%
- 1M losers are : Losers for past month are $ALGT -14.9%, $FWRD -17.7%, $SAVE -19.4%, $AZUL -31.0%, $ODFL -50.3%
- 1W winners are : Winners for past week are $UAL 30.2%, $VLRS 20.1%, $DLNG 17.5%, $PAC 13.0%, $SKYW 11.4%
- 1W losers are : Losers for past week are $CYRX -5.3%, $PSHG -6.0%, $JBLU -6.6%, $SAVE -7.8%, $JBHT -8.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.6%, for the past 3 months is 12.5%
In the past month for a 5 days rolling window, the highest corrrelation is 23.5%, the lowest correlation is 5.8%, the latest correlation is 11.8%
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 84.5% between CNI and CP
The lowest correlation is -67.6% between AIRT and CYRX
MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2024 dividend on the Company’s common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on June 28, 2024, to shareholders of record at the close of business on June 7, 2024. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and
Scheduled Operation Continues to DeliverMONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the first quarter ended March 31, 2024. “Our team of railroaders delivered to plan in the first quarter and our scheduled operating model continued to enhance our service to customers. Looking forward, we are confident for 2024. We are seeing the expected improvements in the economy, and our CN-specific growth opportunities are mate
RALEIGH, N.C., April 23, 2024--Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, announces the opening of a state-of-the-art engineering office for Invenco by GVR in Bengaluru, India this month.
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United Parcel Service (UPS) posted its first-quarter earnings to mixed results with adjusted earnings per share at $1.43 against an estimated $1.30, but revenue came under estimations with $21.71 billion against an expected $21.83 billion. The company also reported a 3.2% decline in average daily volumes in its domestic business and a 5.8% drop in its international segment, signaling a softening of demand in deliveries. Could this be a warning sign of things to come with consumer demand? Bank of...
LOS ANGELES (Reuters) -United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday. Atlanta-based UPS will become the No. 1 USPS air cargo service provider on Sept. 30. It replaces FedEx, which was paid $1.75 billion in fiscal 2023 to provide Priority Mail and other speedy air services for the qua...
United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday. Atlanta-based UPS will become the No. 1 USPS air cargo service provider on Sept. 30. It replaces FedEx, which was paid $1.75 billion in fiscal 2023 to provide Priority Mail and other speedy air services for the quasi-governmental agency.
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