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:
Relative Strength Spread
Refactored Index Performance
50-day performance, from April 24, 2015 through July 03, 2015:
Trend Model Summary
Index | Signal | % From Peak | Day of Peak |
---|---|---|---|
CNX AUTO | SHORT |
6.66
|
2015-Jan-27
|
CNX BANK | SHORT |
8.88
|
2015-Jan-27
|
CNX ENERGY | SHORT |
25.33
|
2008-Jan-14
|
CNX FMCG | LONG |
9.20
|
2015-Feb-25
|
CNX INFRA | LONG |
46.95
|
2008-Jan-09
|
CNX IT | LONG |
88.27
|
2000-Feb-21
|
CNX MEDIA | LONG |
23.15
|
2008-Jan-04
|
CNX METAL | LONG |
58.71
|
2008-Jan-04
|
CNX MNC | LONG |
1.66
|
2015-Mar-12
|
CNX NIFTY | SHORT |
5.68
|
2015-Mar-03
|
CNX PHARMA | LONG |
11.32
|
2015-Apr-08
|
CNX PSE | LONG |
23.84
|
2008-Jan-04
|
CNX REALTY | SHORT |
90.35
|
2008-Jan-14
|
50-day performance turns green for most indices and the MNCs have more or less covered their draw-downs. Looks like financials and FMCG have found their mojo. Will the markets keep their trend?