PortMath market update for September 1st 2014:
We think this market is risky because the normal pattern of the Portmath indicators is reversed. The ranking of stocks has been reversed to reflect this inversion.
The NIC has fallen to 830 so the current diversity of the NYSE is roughly equivalent to 830 completely independent stocks.
New York Stock Exchange Summary
The average past returns of our top NYSE stocks is plotted on the graph below. Our higher ranked stocks have done somewhat better than the market over the lat 60 days.
830 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 are more risky than average at this time.