PortMath market update for August 17th 2014:
Next update: September 1, 2014.
We think this market is risky because the normal pattern of the Portmath indicators is still reversed.
The NIC has fallen to 884 so the current diversity of the NYSE is roughly equivalent to 884 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 may be recovering as shown on the left of the graph.
884 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 higher ranked stocks had lower volatility on average.