PortMath weekly market update for April 14th 2014:
We think this market is extremely risky because the normal pattern of the Portmath indicators is now reversed. Our rankings have been adjusted accordingly.
The NIC has risen to 743. This value for the NIC means that the NYSE is acting like a market with the diversity of about 743 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 gave better returns on average as shown by the following graph.
743 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 smaller standard deviations on average.