Strong Performance in Other Transportation Industry Stocks ($PAC, $OMAB, $ASR, $CAAP, $ASLE...): 11.78% Average Weekly Gain
The world of finance is continually abuzz with developments in various industries, and the transportation sector is no exception. While familiar names like airlines and automotive giants often take the spotlight, there's a diverse group of companies in the "Other Transportation" sector that play a vital role in keeping people and goods moving. This article explores the recent performance of stocks in this sector, shedding light on the key players and notable trends.
🌐Tickers in Industry - $PAC, $OMAB, $ASR, $CAAP, $ASLE, $BLDE, $JOBY, $UP
Swing Trader, Long Only: Valuation & Efficiency Model (FA) - Annualized Return + 32%
Theme and Group of Tickers:
The theme of our analysis centers around companies engaged in diverse transportation services, including airport ground transportation, airport management and equipment, shipping services, as well as businesses operating bridges, expressways, and public services like taxis and subways. Notable companies within this theme include:
- Grupo Aero-pac
- Corporacion America Airports S.A.
- Matson, Inc.
Now, let's delve into the details of the performance and trends within the "Other Transportation" industry.
Market Cap:
Market capitalization is a crucial indicator of a company's size and market value. Within the "Other Transportation" industry, the average market capitalization across the group stands at a significant 3.2 billion dollars. The range of market caps in this sector is quite broad, spanning from 267.2 million dollars to a robust 7.2 billion dollars. Notably, Grupo Aero-pac (PAC) leads the pack with a market cap of 7.2 billion dollars, while the smallest company by market cap is BLDE at 267.2 million dollars.
High and Low Price Notable News:
In the past week, stocks within the "Other Transportation" sector demonstrated remarkable price movements. On average, these stocks posted a substantial weekly gain of 11.78%. This impressive performance extends to the monthly average with an 8.46% increase. However, the average quarterly price growth shows a decline of -9.88%.
Looking at individual stock performance within this sector, UP (Wheels Up Experience) stood out with the highest weekly price growth at an impressive 30.95%, while CAAP (Corporacion America Airports S.A.) experienced a notable fall of -0.94%. Noteworthy news includes JOBY Aviation making headlines with a 12.22% weekly gain and UP (Wheels Up Experience) being a top weekly loser with a -17.65% decrease.
Volume:
Trading volume is a critical metric indicating the level of investor interest and activity in a particular stock. In the "Other Transportation" sector, stocks witnessed a substantial increase in weekly trading volume, averaging 33.21%. Expanding the timeframe, the average monthly volume growth was 49.11%, and the average quarterly volume growth stood at an impressive 96.97%.
Some standout moments in terms of volume include Blade Air Mobility, Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADS, and Wheels Up Experience, all experiencing significant spikes in trading activity, as indicated by substantial increases in daily volume percentages.
These performance metrics provide valuable insights into the recent dynamics of the "Other Transportation" industry stocks. Investors and market enthusiasts should take note of these trends as they navigate the ever-evolving world of finance. The "Other Transportation" sector, with its diversity and growth potential, remains an intriguing area for those seeking opportunities in the market.
PAC : PAC, a notable player in the market, has been riding an upward trend, marking a significant +7.73% increase over three consecutive days as of November 17, 2023. This consistent upward movement is often interpreted as a bullish indicator, suggesting potential for further growth. Historical analysis reveals that in similar scenarios, where PAC experienced a three-day rise, the stock continued its upward trajectory in 253 out of 346 instances within the ensuing month. This pattern translates to a 73% probability of continued growth, making PAC a stock to watch closely for future gains.
OMAB : OMAB's stock is showing promising signs of recovery, as indicated by its RSI (Relative Strength Index) Oscillator moving out of the oversold zone on October 30, 2023. This shift often suggests a transition from a bearish to a bullish trend, potentially signaling a lucrative opportunity for traders to consider purchasing shares or opting for call options. An analysis using A.I.dvisor on 17 comparable occasions revealed that in 14 instances, the stock experienced an upward movement following such an RSI shift. This historical pattern presents an 82% likelihood of OMAB's stock continuing its ascent, making it an attractive prospect for investors.
ASR : ASR's recent financial trajectory has taken a positive turn, with its stock price climbing above the 50-day Moving Average on November 17, 2023. This key technical milestone is often seen as a transition from a bearish to a bullish trend. Historical patterns lend credence to this optimistic outlook. In 39 out of 50 analogous instances, ASR's stock continued to rise in the subsequent month. This historical consistency translates to a 78% probability of the stock maintaining its upward momentum. Investors are advised to monitor ASR closely, as it shows strong signs of continued growth in the near term.
PAC sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for PAC moved above the 200-day moving average on April 30, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on PAC as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PAC just turned positive on April 23, 2024. Looking at past instances where PAC's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
PAC moved above its 50-day moving average on April 18, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PAC advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 256 cases where PAC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PAC broke above its upper Bollinger Band on May 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.863) is normal, around the industry mean (4.026). P/E Ratio (14.008) is within average values for comparable stocks, (40.079). Projected Growth (PEG Ratio) (4.408) is also within normal values, averaging (10.410). PAC has a moderately high Dividend Yield (0.052) as compared to the industry average of (0.026). P/S Ratio (4.085) is also within normal values, averaging (106.097).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PAC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of airports in Mexico
Industry OtherTransportation