Performance by Correlated Group

 

Viewing Thursday's Closing data.

	cGroup	Funds	Trad.	RSf	1 Day	5 Days	1 Mth	3 Mths	6 Mths	1 Year
	Technology	44	31	79.98	-0.26	0.46	3.59	5.61	16.03	32.00
	Industrial	15	13	76.19	-0.01	-0.41	2.84	6.75	13.08	30.31
	Emerg Mkts	154	136	72.26	-0.77	-0.28	0.10	5.62	15.28	20.95
	Financial	32	23	72.04	0.26	0.66	4.10	5.04	11.92	33.47
	Health Care	39	30	71.76	0.12	-0.09	1.15	4.31	16.73	25.78
	Materials	41	38	71.66	0.03	0.60	2.38	8.93	13.94	25.03
	Devlpd x/US	344	322	61.03	-0.31	0.01	1.20	3.88	11.13	19.27
	US Brd Mkt	490	438	55.43	-0.02	0.30	2.57	3.76	8.71	19.99
	n/c	81	72	51.41	-0.13	0.52	2.31	4.44	8.78	16.80
	Utilities	14	12	50.91	0.63	0.17	1.57	3.59	6.37	17.04
	Consum Discr	15	15	47.40	-0.41	-0.03	1.88	2.49	8.15	19.69
	Real Estate	37	27	31.14	-0.18	-0.17	0.81	1.08	1.60	7.91
	Consum Stpl	14	12	28.10	-0.33	-0.37	-0.03	-0.06	1.58	7.37
	Metals	53	34	27.46	0.24	-0.73	-0.04	3.33	0.17	1.50
	Currency	31	24	25.07	-0.02	0.33	-1.07	0.43	2.17	1.85
	Fixed Income	277	253	23.44	0.03	0.07	0.17	0.45	2.08	2.42
	Energy	106	84	21.12	-0.28	-0.84	-0.49	3.34	-1.51	-4.50
	Agriculture	25	23	15.76	0.62	-0.13	-0.62	-4.50	-3.21	-10.11
	Volatility	17	8	1.66	-0.24	-3.11	-10.91	-16.96	-36.92	-58.16

The dynamics of Relative Strength are illustraded below for the past quarter. From this you can visualize which funds are improving on a relative basis and which are deteriorating.

5-day Intervals

Viewing Thursday's Closing data.

Symbol	10/19	10/12	10/05	09/28	09/21	09/14	09/07	08/30	08/23	08/16	08/09	08/02	07/26
Technology	80.0	80.1	80.7	79.1	75.3	78.3	74.8	77.2	75.0	80.8	77.7	78.9	83.8
Industrial	76.2	77.7	75.1	77.9	75.3	65.9	61.7	63.1	60.6	67.8	72.2	67.1	67.9
Emerg Mkts	72.3	72.8	74.9	74.3	81.3	81.0	82.0	82.3	81.6	76.2	73.0	73.5	73.0
Financial	72.0	68.8	67.3	68.2	64.6	47.0	36.4	60.8	66.1	72.4	81.2	82.2	77.8
Health Care	71.8	68.5	72.5	68.0	65.5	76.8	77.2	70.6	61.8	59.9	66.2	66.2	75.8
Materials	71.7	70.4	72.1	70.4	74.0	71.9	71.4	66.9	63.9	58.4	60.1	57.5	55.8
Devlpd x/US	61.0	60.9	59.1	61.6	63.2	63.2	63.8	63.7	64.9	63.4	63.7	62.6	61.8
US Brd Mkt	55.4	55.4	56.0	54.3	51.4	49.1	46.3	48.1	49.3	52.5	55.0	54.4	54.6
n/c	51.4	49.7	50.5	50.0	48.9	48.5	48.8	49.9	51.1	51.4	53.0	51.2	50.3
Utilities	50.9	57.0	50.0	44.9	45.4	57.2	65.9	65.5	72.7	75.2	61.3	52.0	43.2
Consum Discr	47.4	49.8	52.6	47.9	46.3	47.0	40.3	37.5	42.6	50.9	53.0	52.7	52.1
Real Estate	31.1	34.0	32.7	27.3	29.3	36.9	43.8	36.3	40.0	39.7	35.8	35.1	31.3
Consum Stpl	28.1	32.2	31.9	27.9	26.0	30.7	33.7	29.4	39.7	43.2	35.8	34.8	33.9
Metals	27.5	33.6	29.8	30.6	30.5	44.4	52.2	42.0	27.6	24.7	22.8	20.6	19.8
Currency	25.1	24.0	26.0	30.2	37.0	35.3	38.8	36.9	35.0	28.7	28.1	26.2	28.3
Fixed Income	23.4	23.3	23.2	24.3	25.6	26.6	31.0	31.4	32.4	27.6	26.0	25.2	26.2
Energy	21.1	19.4	22.0	25.8	29.4	25.8	23.6	16.0	13.7	13.9	17.6	18.0	14.7
Agriculture	15.8	15.2	14.8	14.8	15.9	13.8	15.8	12.1	14.3	14.8	16.6	16.2	19.0
Volatility	1.7	1.8	1.7	1.6	1.5	1.6	1.8	1.9	1.8	1.7	1.8	1.5	1.6

Groups are seeded with one or more funds and then other funds are added based on correlation. Exceptions include Currency and Fixed Income funds which are assigned to their group due to generally weak correlations.

Note that some funds will be assigned a group that looks inappropriate. Often there is an economic reason for the fund to track the assigned group but sometimes, especially with low volume funds, the fund may not have strong correlation with any group.

The statistics above reflect the average of all traditional funds in the group. This excludes the effect of short and leveraged funds of which some groups have more than others. The number of traditional funds is in the Trad column above, where the Funds column is the total number of funds in the group.