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Trending investment indicators
The most profitable investment factor
Regarding factors with an upward signal direction, stocks in the Momentum category have earned the most in the past week. Most of them have been presented in previous editions of this blog. In terms of negatively dominated factors, the Volatility category dominated. Therefore, we will show the TRANGE indicator, which earned 4.24% based on a market-neutral portfolio.
Analysis of the indicator TRANGE
True Range TRANGE is a volatility measure and is the greatest of the following: Current high minus the current low, the absolute value of the current high minus the previous close, or the absolute value of the current low minus the previous close.
Long-term Signal strength (T-Stat) is high (7.2952). Statistical confidence is nearly 100%. Signal direction is down, i.e. stocks with low value in the indicator outperform those with high value. For this reason, you can see a downward curve in the chart.
Stocks with the lowest indicator value
In the calculation for November 2024, F (Ford Motor Company), PFE (Pfizer), and DOW (Dow) have the lowest factor values within the S&P 100 universe.
In the Factor investing app, you can find over 1,000 investment indicators and their values for all S&P 500 stocks.
Trending stocks
The most trending ticker has been MSTR (MicroStrategy Incorporated), which also holds the top position in the Positive category. Next, the most negative articles compared to the regular week have consistently been published about TGT (Target Corporation) stock.
You can find all trends, articles, and sentiments for each stock in the Market Sentiment app for free.
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Trending investment indicators are calculated on the S&P 100 universe; data from November 25, 2024. Trending stocks are based on the approximately 60,000 tickers found in the analyzed articles.