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Market

NameWLP-1P&L-1WLP-5P&L-5RankFMR
Market52%0.2947%-0.6750%58%

Data updated 11/20/08 5:37 PM EST

Factors Influencing the Market Over the Next Week

    Bullish
  • The Market's Financial Market Rating ranks above 58% of ratings over the past 100 days
    Bearish
  • The average stock has only a 47% chance of rising
  • 16 of 16 Sectors are expected to fall
  • 143 of 194 Industries are expected to fall
  • Only 32% of all Stocks are expected to rise

Notes

  • Financial Market Reader uses a pattern-matching algorithm on five common technical analysis indicators to create ratings for each of the next five days for each indicator. 
  • FMReader uses the closest historical matches to compute the possible profit or loss over the next week. 
  • The red line on the graph is the expected daily profit or loss for next week.  It is an average of the individual indicator forecasts.
  • "Financial Market Rating" is a proprietary indicator that considers additional factors such as the stock's market, sector and industry context.  FMR assigns a rating to each company for the past 100 days.  A company's FMR tells you where it stands relative to all companies rated in the past 100 days.
  • Unlike Rank, FMR is not market neutral and doesn't always equal 50%.  The average market FMR will vary widely and can be considered a bearish or bullish signal for stocks in general.
  • In general, the correlation between future change and FMR is double the correlation between future change and any of the preceding indicators.
  • Ratings for Industries, Sectors, and the Market are an average of their components. 

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