PortfolioMath

 56↓
Caliber

S&P 500 Update For The Week Of December 10th

The 60-day Caliber fell to 56 last week which means that over the last 60 trading days the S&P 500 behaved as if it was made up of 56 completely independent stocks. The recent sharp drop in Caliber indicates a decrease in the overall diversity of the market which may be accompanied by increased 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.

 -0.3↓
Correlation

The correlation between a stock returns and stock Affinities fell to -0.3 last week which is historically low. 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.

Disclaimer

The information on this website: