Invest Without Emotions
A lot of thick blue squares mean that positive correlations are high. Red squares mean negative correlations are high. Whites are the doldrums.
| MINTs | |
|---|---|
| JCI(IDN) | -8.12% |
| INMEX(MEX) | -2.52% |
| NGSEINDX(NGA) | -0.09% |
| XU030(TUR) | -7.15% |
| BRICS | |
|---|---|
| IBOV(BRA) | -8.27% |
| SHCOMP(CHN) | -13.57% |
| NIFTY(IND) | -8.82% |
| INDEXCF(RUS) | +2.53% |
| TOP40(ZAF) | -6.33% |
| Energy | |
|---|---|
| Brent Crude Oil | +1.55% |
| RBOB Gasoline | -20.43% |
| Heating Oil | +5.31% |
| Natural Gas | -0.11% |
| WTI Crude Oil | +2.13% |
| Ethanol | -2.80% |
| Metals | |
|---|---|
| Copper | -2.53% |
| Gold 100oz | +3.98% |
| Platinum | +2.33% |
| Silver 5000oz | -2.01% |
| Palladium | -3.68% |
| MINTs | |
|---|---|
| USDIDR(IDN) | +4.13% |
| USDMXN(MEX) | +4.51% |
| USDNGN(NGA) | +0.18% |
| USDTRY(TUR) | +5.21% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +5.63% |
| USDCNY(CHN) | +2.49% |
| USDINR(IND) | +3.39% |
| USDRUB(RUS) | +5.67% |
| USDZAR(ZAF) | +5.15% |
| Agricultural | |
|---|---|
| Coffee (Robusta) | -10.83% |
| White Sugar | -3.49% |
| Coffee (Arabica) | -4.25% |
| Cotton | -0.87% |
| Orange Juice | +5.07% |
| Sugar #11 | -3.86% |
| Wheat | -2.76% |
| Cattle | -1.92% |
| Cocoa | -1.60% |
| Corn | -2.89% |
| Feeder Cattle | -4.25% |
| Soybeans | -8.96% |
| Lean Hogs | -13.32% |
| Lumber | -7.58% |
| Soybean Meal | -9.85% |
| Index | Change |
|---|---|
| Markit CDX EM | -1.30% |
| Markit CDX NA HY | -1.26% |
| Markit CDX NA IG | +8.97% |
| Markit iTraxx Asia ex-Japan IG | +20.22% |
| Markit iTraxx Australia | +10.82% |
| Markit iTraxx Europe | +7.90% |
| Markit iTraxx Europe Crossover | +35.71% |
| Markit iTraxx Japan | +3.62% |
| Markit iTraxx SovX Western Europe | +0.08% |
| Markit LCDX (Loan CDS) | -0.14% |
| Markit MCDX (Municipal CDS) | +3.22% |
Why the commodities super cycle was a myth
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (micro) | -10.15% | 69/68 |
| 2 | -9.65% | 53/83 |
| 3 | -11.73% | 45/92 |
| 4 | -10.91% | 50/86 |
| 5 | -11.00% | 46/90 |
| 6 | -8.71% | 51/86 |
| 7 | -6.63% | 56/80 |
| 8 | -5.76% | 57/80 |
| 9 | -6.01% | 61/75 |
| 10 (mega) | -4.25% | 72/65 |
| GOLDBEES | +7.12% |
| JUNIORBEES | -3.41% |
| NIFTYBEES | -6.44% |
| PSUBNKBEES | -6.53% |
| BANKBEES | -8.55% |
| INFRABEES | -10.30% |
| CPSEETF | -12.67% |
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| 0 5 | -0.01 | +0.73% |
| 5 10 | -0.03 | +0.77% |
| 10 15 | -0.08 | +1.25% |
| 15 20 | -0.04 | +0.98% |
| 20 30 | -0.02 | +0.89% |
| Low Volatility | +2.16% |
| Financial Strength Value | -1.50% |
| Next Trillion | -1.69% |
| ASK Life | -1.79% |
| PPFAS Long Term Value | -3.08% |
| CNX 100 Enterprise Yield | -3.35% |
| Magic Formula | -4.30% |
| Tactical CNX 100 | -4.90% |
| Balance Sheet Strength | -6.86% |
| The RBI Restricted List | -8.80% |
| Momentum | -9.28% |
| Quality to Price | -9.84% |
| High Beta | -10.96% |
| ADAG stocks | -16.65% |
FII’s pulled out more than $2.5bn from the Indian markets. DII’s barely lent any support.
Source: The Unreliable Experts: getting in the way of outstanding performance
| MINTs | |
|---|---|
| JCI(IDN) | +2.54% |
| INMEX(MEX) | +2.38% |
| NGSEINDX(NGA) | -3.50% |
| XU030(TUR) | +1.33% |
| BRICS | |
|---|---|
| IBOV(BRA) | +2.53% |
| SHCOMP(CHN) | -7.85% |
| NIFTY(IND) | -3.59% |
| INDEXCF(RUS) | +3.36% |
| TOP40(ZAF) | +2.26% |
| Energy | |
|---|---|
| Ethanol | -0.48% |
| Heating Oil | +7.11% |
| WTI Crude Oil | +12.06% |
| RBOB Gasoline | -0.87% |
| Brent Crude Oil | +9.95% |
| Natural Gas | +1.64% |
| Metals | |
|---|---|
| Gold 100oz | -2.32% |
| Palladium | -2.78% |
| Copper | +1.30% |
| Platinum | -0.73% |
| Silver 5000oz | -5.81% |
| MINTs | |
|---|---|
| USDIDR(IDN) | +0.30% |
| USDMXN(MEX) | -0.84% |
| USDNGN(NGA) | -0.04% |
| USDTRY(TUR) | +0.23% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +2.66% |
| USDCNY(CHN) | +0.01% |
| USDINR(IND) | +0.50% |
| USDRUB(RUS) | -5.39% |
| USDZAR(ZAF) | +2.72% |
| Agricultural | |
|---|---|
| Cattle | +0.50% |
| Cocoa | +1.91% |
| Coffee (Arabica) | -1.19% |
| Lean Hogs | +6.16% |
| Lumber | -3.34% |
| Soybean Meal | -1.99% |
| Sugar #11 | +4.89% |
| Wheat | -4.26% |
| Feeder Cattle | -4.41% |
| Orange Juice | +1.41% |
| White Sugar | +1.80% |
| Coffee (Robusta) | -4.16% |
| Corn | -0.75% |
| Cotton | -4.89% |
| Soybeans | -1.21% |
| Index | Change |
|---|---|
| Markit CDX EM | -0.08% |
| Markit CDX NA HY | +0.18% |
| Markit CDX NA IG | +2.08% |
| Markit iTraxx Asia ex-Japan IG | +14.30% |
| Markit iTraxx Australia | +6.45% |
| Markit iTraxx Europe | +3.44% |
| Markit iTraxx Europe Crossover | +9.89% |
| Markit iTraxx Japan | +4.46% |
| Markit iTraxx SovX Western Europe | +0.76% |
| Markit LCDX (Loan CDS) | -0.11% |
| Markit MCDX (Municipal CDS) | +1.27% |
For a deeper dive into indices, check out our weekly Index Update.
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (micro) | -10.11% | 69/65 |
| 2 | -8.75% | 45/89 |
| 3 | -8.68% | 48/86 |
| 4 | -9.56% | 41/92 |
| 5 | -8.71% | 42/92 |
| 6 | -7.32% | 44/90 |
| 7 | -7.77% | 57/76 |
| 8 | -5.78% | 53/81 |
| 9 | -5.45% | 52/82 |
| 10 (mega) | -5.32% | 59/75 |
| GOLDBEES | -1.27% |
| CPSEETF | -2.37% |
| JUNIORBEES | -3.37% |
| NIFTYBEES | -3.69% |
| INFRABEES | -4.48% |
| BANKBEES | -4.49% |
| PSUBNKBEES | -7.42% |
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| 0 5 | -0.01 | +0.16% |
| 5 10 | +0.01 | +0.09% |
| 10 15 | -0.02 | +0.27% |
| 15 20 | +0.02 | -0.01% |
| 20 30 | -0.01 | +0.27% |
| Next Trillion | -3.31% |
| Low Volatility | -3.52% |
| Tactical CNX 100 | -3.52% |
| PPFAS Long Term Value | -3.81% |
| ASK Life | -3.99% |
| Financial Strength Value | -4.51% |
| CNX 100 Enterprise Yield | -4.55% |
| Momentum | -4.72% |
| Magic Formula | -5.06% |
| Balance Sheet Strength | -5.27% |
| The RBI Restricted List | -5.39% |
| ADAG stocks | -5.72% |
| High Beta | -6.81% |
| Quality to Price | -7.41% |
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:
50-day performance, from June 22, 2015 through August 28, 2015:
| Index | Signal | % From Peak | Day of Peak |
|---|---|---|---|
| CNX AUTO | LONG |
11.83
|
2015-Jan-27
|
| CNX BANK | LONG |
16.26
|
2015-Jan-27
|
| CNX COMMODITIES | LONG |
36.29
|
2008-Jan-04
|
| CNX CONSUMPTION | LONG |
7.46
|
2015-Aug-05
|
| CNX ENERGY | LONG |
35.67
|
2008-Jan-14
|
| CNX FMCG | SHORT |
9.51
|
2015-Feb-25
|
| CNX INFRA | LONG |
52.21
|
2008-Jan-09
|
| CNX IT | LONG |
87.87
|
2000-Feb-21
|
| CNX MEDIA | LONG |
20.76
|
2008-Jan-04
|
| CNX METAL | LONG |
66.87
|
2008-Jan-04
|
| CNX MNC | LONG |
8.07
|
2015-Aug-10
|
| CNX NIFTY | LONG |
11.05
|
2015-Mar-03
|
| CNX PHARMA | SHORT |
6.44
|
2015-Apr-08
|
| CNX PSE | LONG |
33.30
|
2008-Jan-04
|
| CNX PSU BANK | LONG |
40.41
|
2010-Nov-05
|
| CNX REALTY | LONG |
91.29
|
2008-Jan-14
|
| CNX SERVICE | LONG |
11.61
|
2015-Mar-03
|
A lot of thick blue squares mean that positive correlations are high. Red squares mean negative correlations are high. Whites are the doldrums.