Index Update 06.06.2015

MOMENTUM

We run our proprietary momentum scoring algorithm on indices just like we do on stocks. You can use the momentum scores of sub-indices to get a sense for which sectors have the wind on their backs and those that are facing headwinds.

Traders can pick their longs in sectors with high short-term momentum and their shorts in sectors with low momentum. Investors can use the longer lookback scores to position themselves using our re-factored index Themes.

You can see how the momentum algorithm has performed on individual stocks here.

Here are the best and the worst sub-indices:

Refactored Index Performance

50-day performance, from March 24, 2015 through June 05, 2015:

Equally Weighted		Market Cap. Weighted
CNX FMCG (EQUAL)	+2.20%	CNX ENERGY (CAP)	+1.31%
CPSE INDEX (EQUAL)	-0.02%	CPSE INDEX (CAP)	+0.64%
CNX CONSUMPTION (EQUAL)	-0.67%	CNX PSE (CAP)	+0.17%
CNX MNC (EQUAL)	-0.74%	CNX COMMODITIES (CAP)	+0.15%
CNX MEDIA (EQUAL)	-0.89%	CNX INFRA (CAP)	-1.09%
CNX PSE (EQUAL)	-0.96%	CNX CONSUMPTION (CAP)	-1.35%
CNX PHARMA (EQUAL)	-2.15%	CNX MNC (CAP)	-2.29%
NV20 (EQUAL)	-2.39%	NV20 (CAP)	-3.07%
CNX AUTO (EQUAL)	-2.71%	CNX MEDIA (CAP)	-3.32%
CNX ENERGY (EQUAL)	-2.94%	CNX FMCG (CAP)	-3.33%
CNX COMMODITIES (EQUAL)	-3.04%	CNX METAL (CAP)	-3.48%
NSE QUALITY 30 (EQUAL)	-4.30%	CNX AUTO (CAP)	-3.49%
CNX BANK (EQUAL)	-5.19%	CNX BANK (CAP)	-4.29%
NI15 (EQUAL)	-5.99%	NSE QUALITY 30 (CAP)	-5.96%
CNX SERVICE (EQUAL)	-6.91%	CNX SERVICE (CAP)	-6.18%
CNX INFRA (EQUAL)	-7.03%	CNX PSU BANK (CAP)	-6.26%
CNX IT (EQUAL)	-7.19%	NI15 (CAP)	-6.34%
LIX 15 (EQUAL)	-7.32%	LIX 15 (CAP)	-6.42%
CNX FINANCE (EQUAL)	-7.46%	CNX FINANCE (CAP)	-6.84%
CNX METAL (EQUAL)	-8.03%	CNX IT (CAP)	-6.98%
CNX PSU BANK (EQUAL)	-8.38%	CNX PHARMA (CAP)	-8.66%
CNX REALTY (EQUAL)	-10.28%	CNX REALTY (CAP)	-15.64%
LIX15 Midcap (EQUAL)	-15.34%	LIX15 Midcap (CAP)	-16.09%

Trend Model Summary

Index	Signal	% From Peak	Day of Peak
CNX AUTO	SHORT	11.07	2015-Jan-27
CNX BANK	SHORT	14.62	2015-Jan-27
CNX ENERGY	SHORT	29.22	2008-Jan-14
CNX FMCG	SHORT	13.62	2015-Feb-25
CNX INFRA	SHORT	49.05	2008-Jan-09
CNX IT	SHORT	88.18	2000-Feb-21
CNX MEDIA	SHORT	27.38	2008-Jan-04
CNX METAL	SHORT	57.85	2008-Jan-04
CNX MNC	SHORT	6.54	2015-Mar-12
CNX NIFTY	SHORT	9.80	2015-Mar-03
CNX PHARMA	SHORT	15.29	2015-Apr-08
CNX PSE	SHORT	25.24	2008-Jan-04
CNX REALTY	SHORT	90.30	2008-Jan-14

Banks and pharma down more than 15% from its April peak, Nifty 10% and MNC 7%…