NYSE Weekly Update

May 29th, 2016

The Caliber of the NYSE rose last week from 646 to 653. This number means that over the last 60 trading days the NYSE behaved as if it was made up of 653 completely independent stocks. The current Caliber is greater than 78% of all Calibers over the last 25 years. Higher Calibers sometimes coincided with better market conditions in the past but this might not be the case in the future.


The calculation of Caliber automatically assigns a number to each stock called its Affinity. The following graph shows the correlation between stock returns and stock affinities for each 60 day period over the past year. Investors might want to consider high Affinity stocks when this correlation is rising and might look for safer investments when this correlation is falling.


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