Airlines sector rises 0.4 points (0.01%) December 26, 2011
SECTORS
The Airlines sector rose 0.4 points or 0.01% to 5,525.0.
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PRICE VOLUME DYNAMICS
Volatility: the Sector traded between an intraday low of 5,428.2 and a high of 5,562.6. Intraday volatility (highest price minus lowest price/lowest price) of 2.5% was 0.8 times average daily volatility of 2.9%.
Moving Average (MA): the Sector value to 200-day moving average ratio is 0.86, a bearish indicator.
In the past 200 days this ratio has been under 0.86 sixty-three times suggesting further downside.
The Sector is trading below both its 200-day MA and the 50-day MA. Further, the 50-day MA of 5,651.3 is lower than the 200-day MA of 6,388.2, a bearish indicator.
The 200-day MA has decreased to 6,388.2, another bearish indicator.
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 28.5 indicating it is trailing 71.5% of the market. (Rank 3656 out of 5110)
Today its percentile rank in the world's market was 43.4. (Rank 3073 out of 5110)
Price Dynamics: the Sector is at a discount of 36.0% to the 52-week high of 8,634.0 and a premium of 4.2% to the 52-week low of 5,304.7.
Volume and Turnover Period: the average turnover rate of the Sector is 160.5% or an average holding period of 7 months.
SHAREHOLDER RETURNS
Trailing One Week: the value of US$1,000 invested a week ago is US$1,006 [vs US$1,037 for the Dow Jones Industrial index] for a capital gain of US$6.
Trailing One Month: the value of US$1,000 invested a month ago is US$1,029 [vs US$1,097 for the Dow Jones Industrial index] for a capital gain of US$29.
Trailing One Year: the value of US$1,000 invested a year ago is US$674 [vs US$1,095 for the Dow Jones Industrial index] including a capital loss of US$328 and dividend reinvested of US$3.
$1000 1-month 6-month Airlines sector $1US,029 $744 Dow Jones Industrial index $1US,097 $1US,045RELATIVE 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 9.2 [13.7].
Worse than DOW JONES INDUSTRIAL INDEX Average: Return on Equity of 11.5% [15.2%]; Return on Assets of 2.9% [3.2%]; Debt to Equity of 1.8 [0.9]; Total Liabilities/EBITDA of 39.2 [6.0]; Yield of 1.6% [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 Southwest Airlines (LUV.N) where MCap rose US$140.1 million.
AMR (AMR.N) had the highest rise, growing 2.41c (or 4.2%) on firm volume (VI of 1.1) to close at 59.48c.
China Airlines (2610.TW) soared 13.4% in the past week to close at TWD13.10.
WestJet Airlines (WJA.T) soared 10.7% in the past week to close at CAD11.91.
United Continental Holdings (UAL.N) soared 27.8% in the past month to US$19.85.
Alaska Air Group (ALK.N) soared 24.6% in the past month to US$76.02.
The stock with the lowest P/E (trailing 12 months) in the index is China Southern Airlines (01055.HK) at HKD4.03, with a P/E of 1.6 times [1st, 9.2].
The highest yielding stock (trailing 12 months) in the index is Cathay Pacific Airways (00293.HK) at HKD13.24, yielding 7.2% [1st, 1.6%]. .It had the third highest rise by MCap of HKD393.4 million (US$50.6 million) ; MCap of HKD52.1 billion (US$6.7 billion) [3rd; HKD3.6 billion (US$3.6 billion)].
Among stocks in significant uptrend the rise was the second highest in Malaysian Airline System Bhd (3786.KL) rising 3.0 sen (or 2.3%) to close at MYR1.33 (up 2.3% for week and 2.3% for month). 1-day price rise of 2.3% [3rd; 0.01%].
International Consolidated Airlines Group (IAG.L) advanced 6.8% in the past week to close at GBX151.20.
Delta Air Lines (DAL.N) soared 17.0% in the past month to US$8.33.
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]
Air China- A Share (601111.SS) crashed 11.7% in the past month to CNY6.34.
SAS (SAS.STp) plummeted 9.5% in the past month to SEK7.65.
The stock with the highest P/E (trailing 12 months) in the index is Airports Of Thailand (AOT.TH) at THB46.0, with a P/E of 46.4 times [1st, 9.2].
DESCRIPTION
The sector comprises 34 stocks. Total MCap of the Airlines sector was US$124.1 billion on December 26.
Currency Conversion: US Dollar USD1= US$1.0 [or US$1= USD1.0]. US$1 = 100c.
Source: www.BuySellSignals.com
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