PortMath weekly market update for May 16th 2013:
NYSE: The return/synergy correlation is holding steady at 0.14.
TSX: The inversion continues with the returns/synergy correlation at -0.16. This negative value means that stocks which are normally solid have been doing relatively badly over the last 60 days. See the current ranking of the TSX 60.
New York Stock Exchange Summary
0.18 is the current correlation of NYSE stock returns with stock synergies which means higher synergy stocks have done slightly better than lower synergy ones over the last 60 days.
Download the current NYSE Synergy ranking or learn more.
869 is the current NIC for the NYSE and is an estimate of the number of truly different stocks in this exchange. Higher values of the NIC can indicate turning points in the market.
Learn more about the NIC and risk.
Toronto Stock Exchange Summary
-0.16 is the current correlation of TSX stock returns with stock synergies which means lower synergy stocks have done slightly better than higher synergy ones over the last 60 days.
Download the current TSX Synergy ranking or learn more.
610 is the current NIC for the TSX and is an estimate of the number of truly different stocks in this exchange. Higher values of the NIC can indicate turning points in the market.
Learn more about the NIC and risk.
Disclaimer
The information on this website:- is for the purposes of assessment only
- is experimental and not suitable for any kind of use by investors except appraisal
- does not in any way constitute investment advice
- is not guaranteed to be error free or uninterrupted