PortfolioMath

 74↓
Caliber

S&P 500 Update For The Week Of June 3rd

The 60-day Caliber fell to 74 last week which means that over the last 60 trading days the S&P 500 behaved as if it was made up of 74 completely independent stocks. A falling Caliber indicates decreasing diversity in the market which can coincide with increasing 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.

 -0.1↓
Correlation

As shown on the graph below, the correlation between stock returns and stock Affinities continued to be negative last week. All stock trends are removed before these correlations are computed. 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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