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 June 29, 2015 through September 04, 2015:
Trend Model Summary
Index | Signal | % From Peak | Day of Peak |
---|---|---|---|
CNX AUTO | SHORT |
16.93
|
2015-Jan-27
|
CNX BANK | LONG |
21.53
|
2015-Jan-27
|
CNX COMMODITIES | SHORT |
38.49
|
2008-Jan-04
|
CNX CONSUMPTION | SHORT |
11.06
|
2015-Aug-05
|
CNX ENERGY | SHORT |
38.72
|
2008-Jan-14
|
CNX FMCG | SHORT |
11.77
|
2015-Feb-25
|
CNX INFRA | SHORT |
55.03
|
2008-Jan-09
|
CNX IT | SHORT |
88.05
|
2000-Feb-21
|
CNX MEDIA | LONG |
23.79
|
2008-Jan-04
|
CNX METAL | SHORT |
68.17
|
2008-Jan-04
|
CNX MNC | SHORT |
11.03
|
2015-Aug-10
|
CNX NIFTY | SHORT |
14.91
|
2015-Mar-03
|
CNX PHARMA | SHORT |
9.47
|
2015-Apr-08
|
CNX PSE | SHORT |
36.96
|
2008-Jan-04
|
CNX PSU BANK | LONG |
45.62
|
2010-Nov-05
|
CNX REALTY | SHORT |
91.56
|
2008-Jan-14
|
CNX SERVICE | SHORT |
15.70
|
2015-Mar-03
|
A brutal selloff across the board…