PortMath weekly market update for June 29th 2015
Market diversity has not changed with the NIC staying at 932.
New York Stock Exchange Summary
Our algorithm for ranking stocks ignores the usual performance indicators but there is still a significant relationship between a stock's price and our ranking as the red curve shows.
932 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 more robust markets.
Average risk of our top ranked stocks:
The average past standard deviations of our top NYSE stocks is plotted on the graph below which shows that our higher ranked stocks had smaller standard deviations on average.