Airlines Sector Weakens Below Moving Average
SECTORS
The Airlines sector slumped 66.2 points or 1.1% to 5,959.6.
The Sector fell for a third day on Wednesday, a 3-day fall of 2.0%.
The Sector has dropped below its trend.
The Sector value to 200-day moving average ratio is 0.87, a bearish indicator.
In the past 200 days this ratio has been under 0.87 fifty-three times suggesting further downside.
The 50-day MA of 5,950.1 is lower than the 200-day MA of 6,864.3, a bearish indicator.
The 200-day MA has decreased to 6,864.3, another bearish indicator.
Change % 3-day 1-month 6-month Airlines sector -2.0 4.2 -23.1 Dow Jones Industrial index 6.1 -6.5
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PRICE VOLUME DYNAMICS
Volatility: the Sector traded between a seven-day low of 5,919.2 and a high of 6,089.5. Intraday volatility (highest price minus lowest price/lowest price) of 2.9% equalled average daily volatility of 2.9%.
Relativities: in the global market of top 5000 stocks by MCap, 54 sectors and 77 indices, the Sector has a 6-month relative strength of 31.5 indicating it has underperformed 68.5% of the market. (Rank 3542 out of 5125)
Today its percentile rank in the world's market was 44.8. (Rank 2362 out of 5125)
Price Dynamics: the Sector is at a discount of 33.7% to the 52-week high of 8,991.8 and a premium of 11.8% to the 52-week low of 5,330.4.
Volume and Turnover Period: the average turnover rate of the Sector is 149.6% or an average holding period of 8 months.
SHAREHOLDER RETURNS
Trailing One Week: the value of US$1,000 invested a week ago is US$985 [vs US$995 for the Dow Jones Industrial index] for a capital loss of US$15.
Trailing One Month: the value of US$1,000 invested a month ago is US$1,042 [vs US$1,064 for the Dow Jones Industrial index] for a capital gain of US$42.
Trailing One Year: the value of US$1,000 invested a year ago is US$680 [vs US$1,067 for the Dow Jones Industrial index] including a capital loss of US$327 and dividend reinvested of US$7.
$1000 1-month 6-month Airlines sector $1US,042 $771 Dow Jones Industrial index $1US,064 $946
RELATIVE VALUATION INDICATORS [RVI]
AIRLINES SECTOR vs DOW JONES INDUSTRIAL INDEX [DOW JONES INDUSTRIAL INDEX Average in Brackets]
Better than DOW JONES INDUSTRIAL INDEX Average: P/E of 12.3 [13.1].
Worse than DOW JONES INDUSTRIAL INDEX Average: Return on Equity of 9.6% [15.2%]; Return on Assets of 2.3% [3.2%]; Debt to Equity of 1.7 [0.9]; Total Liabilities/EBITDA of 38.2 [6.0]; Yield of 1.4% [2.7%].
BULLISH SIGNALS FROM TOP THREE RANKED STOCKS (VI or Volume Index in brackets; 1 is average)
[Ranked from the top three out of 34 stocks in sector; sector average in brackets]
Among the heavyweights, the highest rise in MCap, which had the most influence on the index, took place in All Nippon Airways (9202.TO) where MCap rose JPY5 billion or US$65.1 million.
Qantas Airways (QAN.AU) added 3.5% in the past week to close at $1.63. The stock rose for a second day, a two-day rise of 1.2%. Price/Earnings/Growth of 0.1 [1st; 0.1]. .
China Southern Airlines (01055.HK) added 3.2% in the past week to close at HKD4.25. Price/Earnings of 1.67 [1st; 12.3].
AirAsia Bhd (5099.KL) soared 25.9% in the past month to MYR3.84. Its six-month relative strength (or price close today/price close 6-months ago, then ranked by percentile in the entire market) is 98 [1st; 31.5]. Return on Equity (ROE) of 29.2% [3rd; 9.6%]. The stock rose for a third day, a three-day rise of 1.6%.
Malaysia Airports Holdings Bhd (5014.KL) soared 14.7% in the past month to MYR6.18.
The highest yielding stock (trailing 12 months) in the index is Cathay Pacific Airways (00293.HK) at HKD13.86, yielding 6.9% [1st, 1.4%]. .It had the third highest rise by MCap of HKD314.7 million (US$40.5 million) ; MCap of HKD54.5 billion (US$7 billion) [3rd; HKD3.9 billion (US$3.9 billion)].
BEARISH SIGNALS FROM BOTTOM THREE RANKED STOCKS (VI or Volume Index in brackets; 1 is average)
[Ranked from the bottom three out of 34 stocks in sector; sector average in brackets]
Among the heavyweights, the steepest fall in MCap took place in Southwest Airlines (LUV.N) where Mcap fell US$233.6 million. Yield of 0.2% [1st; 1.4%]. .
Airports Of Thailand Public Company (AOT.TH) had the steepest fall, declining THB1.50 (or 3.9%) on firm volume (VI of 1.2) to close at THB36.75. Price/Earnings of 37.08 [1st; 12.3]. Price/Earnings/Growth of 0.4 [3rd; 0.1]. .
International Consolidated Airlines Group (IAG.L) crashed 15.7% in the past week to close at GBX142.0. 1-day price fall of 3.3% [3rd; -1.1%].
AMR (AMR.N) crashed 13.8% in the past week to close at US$2.24.
Delta Air Lines (DAL.N) weakened 20.0c (or 2.4%) to close at US$8.0; its six-month relative strength is 25 which means it is trailing 75% of stocks. The stock fell for a third day, a three-day fall of 4.2%.
JetBlue Airways (JBLU.O) dropped 21.0c (or 4.8%) to close at US$4.12; its six-month relative strength is 18 which means it is trailing 82% of stocks.
DESCRIPTION
The sector comprises 34 stocks. Total MCap of the Airlines sector was US$133.8 billion on November 09.
Currency Conversion: US Dollar USD1= US$1.0 [or US$1= USD1.0]. US$1 = 100c.
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