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Sector Overview Tables: Industry Group Ranking and Screening

The sector overview tables comprise the primary tool for ranking and screening the 103 lowest level industry groups, in aggregate representing 100 percent of the total stocks universe market cap. 

They compliment the Sector Heatmaps tool that visually reveals patterns in subsector strength and weakness, by providing greater industry group granularity and presenting a comprehensive set of ranking data in an easy to sort tabular format.  This enables users to rapidly scan and screen industry groups, for example to identify groups exhibiting price leadership and momentum or where oversold/overbought contrarian opportunities exist.

Sector & Industry Group Ranking Metrics

The sector overview tables contain quantitative ranking metrics grouped into three distinct areas organized in separate tables:

  • Summary Overview Table:

    Sector Performance (1-day, 1-week, 1-month and 3-month returns), Relative Volume (1-day, 1-week, and 1-month volume all relative to the 1-year average), Proprietary Volume Conformation Signals and ranking thereof, sector Beta, Correlation & Volatility versus the All Stocks Index
  • Sector Breadth & Internals Table:

    Number of industry group constituents, breadth, percent of constituents at 52-week highs/lows, percent of constituents above key moving averages of their respective share prices (10-day, 25-day, 50-day and 200-day), 1 week change in the preceding metric
  • Sector Cycle Projections:

    Two dominant trading cycles are extracted in each sector via Spectral Analysis (long/short term). For each cycle length the following data are provided: Length (in trading days), cycle confidence level (fit), and estimated number of days to projected cycle tops and bottoms

Detailed information on the calculation of ranking metrics is provided in the Market Navigator context sensitive help by clicking the blue question mark in the main window top right-hand corner.

Using the Sector Overview Tables

The sector overview tables are accessed by clicking the 'Sector Overview' button in the main analysis tool selector area of the Market Navigator controls (see A2 in the controls overview).  Click the Display Option selector drop-down menu to change the table view according to the required metrics (see above).

Click on any table heading to sort the table according to that metric in descending order.  Click the same heading again to sort in ascending order.

Click on any sector name to view a sector chart, displayed according to the last chart option viewed (see B in the controls overview), referenced by the selected region.  In certain cases where a Non-US sector has no constituents, the chart view will default to the Global Sector (as a consequence identical to the US sector).

Use the copy icon in the main window top right-hand corner to copy the contents of a table to the clipboard for pasting into a spreadsheet for further analysis (Internet Explorer only).  Firefox users wishing to access this functionality please install the Table2Clipboard add-on.

Screening for Leadership, Momentum & Contrarian Opportunities

The Sector Overview Tables can be detached into a separate window by clicking 'Detach Body' in the control panel, which facilitates fast and efficient screening of industry groups. 

In the detached table ranking/sorting of data is still available by clicking table headings, but a second click on the industry group name now displays the relevant Sector Chart or Stocks Table in the main browser window (depending on the last tool selected).

In this way it is possible to very quickly cross-reference qualitative data regarding the sector or its stock components from the Charts or Stocks Tables, against the group's overall ranking amongst all industry groups.  For example, you could sort the Sector Overview Tables according to 3-month price performance and then examine Relative Strength Charts to identify market leadership groups, or alternatively view Internals Charts to assess whether overbought/oversold conditions are conducive to further momentum, or whether contrarian opportunities instead exist.

 


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