PortfolioMath

 98↑
Caliber

S&P 500 Update For The Week Of April 15th

The 60-day Caliber rose to 98 last week which means that over the last 60 trading days the S&P 500 behaved as if it was made up of 98 completely independent stocks. The rise in the Caliber over the last month indicates an increase in the overall diversity of the market which may be accompanied by decreased volatility. Higher Calibers sometimes coincided with better market conditions in the past but this might not be the case in the future. All stock trends are removed before the Caliber is calculated.

The Caliber calculated for each 60 day period over the past year.

 0.13↓
Correlation

As shown on the graph below, the correlation between stock returns and stock Affinities fell to 0.13 last week. The weekly ranking of stocks by Affinity is under the button below.

The correlation between stock returns and stock Affinities calculated for each 60 day period over the past year.

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