Automobiles & Parts industry

Monitor and predict the growth prospects and potential risks of the Automobiles & Parts industry by examining the financial and macroeconomic factors affecting it and the latest Automobiles & Parts news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Automobiles & Parts updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Automobiles & Parts industry trend, growth prospects and risks.

Automobiles & Parts industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Automobiles & Parts industry US.AUTOS 1242.31 0.5 0.25 0.18944 54.4778 0.03441 0.12244 0.01476 0.20816
Europe Automobiles & Parts industry EU.AUTOS 1310.71 1 1 1.47306 67.7387 0.01044 0.00138 0.0411 0.3877
STOXX Asia/Pacific 600 Automobiles & Parts APAC.AUTOS 468.68 0 0 0.09226 55.4467 0.0145 0.04686 -0.03377 0.10496
Eastern Europe Automobiles & Parts EEU.AUTOS 201.49 0 0.75 0.66461 56.0037 0.01073 -0.01472 0.05129 0.04054
US Automobiles & Parts Credit Spreads US.AUTOSPARTS.CR 156.83 0 1 3.42956 62.9589 -0.01097 -0.06325 0.20499 0.57951
Europe Automobiles & Parts Credit Spreads EU.AUTOS.CR 161.35 0 1 2.95129 59.7532 -0.00848 -0.03035 0.12173 0.46749

Automobiles & Parts industry News

Automobiles & Parts industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Automobiles & Parts industry by examining the stock and credit performance of major Automobiles & Parts companies across the US, Europe, Eastern Europe and Asia Pacific. Automobiles & Parts Stock performance is monitored by analyzing STOXX equity indices of major Automobiles & Parts companies while Automobiles & Parts credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Automobiles & Parts high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Automobiles & Parts sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Automobiles & Parts industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Automobiles & Parts momentum, Automobiles & Parts trend, Automobiles & Parts oscillator, Automobiles & Parts RSI and Automobiles & Parts returns.

Automobiles & Parts industry description

The Automobiles & Parts sector includes the subsectors of Automobiles, Auto Parts and Tires.
The subsector of Automobiles includes companies engaged in the making of motorcycles and passenger vehicles, including cars, sport utility vehicles (SUVs) and light trucks<
The subsector of Auto Parts includes companies engaged in the manufacturing and distribution of new and replacement parts for motorcycles and automobiles, such as engines, carburetors and batteries.
The subsector of Tires includes companies engaged in manufacturing, distribution and retreaders of automobile, truck and motorcycle tires.

Automobiles & Parts industry Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Automobiles & Parts momentum signal ranges from -100 to +100. The Automobiles & Parts momentum signal is derived as the mean value from 4 calculations for the Automobiles & Parts . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Automobiles & Parts momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Automobiles & Parts momentum signal moves from positive to negative value or vice-versa.

Automobiles & Parts industry trend

Automobiles & Parts trend signal ranges from -100 to +100. Automobiles & Parts trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts Closing price vs Automobiles & Parts moving average (MA) calculation: If Automobiles & Parts is greater than Automobiles & Parts MA value is +1, else -1, 2. Automobiles & Parts Moving average slope calculation: if current Automobiles & Parts moving average is higher than the previous MA, Automobiles & Parts upward slope +1, else -1
Automobiles & Parts trend model can be used as a trend strength indicator. Automobiles & Parts trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Automobiles & Parts trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Automobiles & Parts 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Automobiles & Parts is in an uptrend when Automobiles & Parts price is higher than the 52-week moving average and the Automobiles & Parts 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Automobiles & Parts oscillator and Automobiles & Parts RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Automobiles & Parts industry oscillator

The Automobiles & Parts oscillator estimated by MacroVar is the z-score of the currentAutomobiles & Parts price versus Automobiles & Parts 1-year simple moving average price. The formula for the Automobiles & Parts oscillator is:
Automobiles & Parts oscillator = (Current Price – 250 trading days Automobiles & Parts simple moving average price) / (250 days Automobiles & Parts price standard deviation)

Automobiles & Parts oversold conditions
Automobiles & Parts is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Automobiles & Parts is oversold it is often due for a rebound. Values of the Automobiles & Parts oscillator lower than -2.5 signify oversold conditions. It must be noted that the Automobiles & Parts oscillator must be analyzed ibn conjunction with the rest ofAutomobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Automobiles & Parts RSI.
Automobiles & Parts overbought conditions
Automobiles & Parts is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Automobiles & Parts is overbought it is often due for a correction. Values of the Automobiles & Parts oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Automobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Automobiles & Parts RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Automobiles & Parts is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAutomobiles & Parts uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Automobiles & Parts industry returns

MacroVar calculates Automobiles & Parts returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Automobiles & Parts returns = (Automobiles & Parts Closing Price – Automobiles & Parts Previous Price)/(Automobiles & Parts Previous Price)

Automobiles & Parts industry

Monitor and predict the growth prospects and potential risks of the Automobiles & Parts industry by examining the financial and macroeconomic factors affecting it and the latest Automobiles & Parts news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Automobiles & Parts updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Automobiles & Parts industry trend, growth prospects and risks.

Automobiles & Parts industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Automobiles & Parts industry US.AUTOS 1242.31 0.5 0.25 0.18944 54.4778 0.03441 0.12244 0.01476 0.20816
Europe Automobiles & Parts industry EU.AUTOS 1310.71 1 1 1.47306 67.7387 0.01044 0.00138 0.0411 0.3877
STOXX Asia/Pacific 600 Automobiles & Parts APAC.AUTOS 468.68 0 0 0.09226 55.4467 0.0145 0.04686 -0.03377 0.10496
Eastern Europe Automobiles & Parts EEU.AUTOS 201.49 0 0.75 0.66461 56.0037 0.01073 -0.01472 0.05129 0.04054
US Automobiles & Parts Credit Spreads US.AUTOSPARTS.CR 156.83 0 1 3.42956 62.9589 -0.01097 -0.06325 0.20499 0.57951
Europe Automobiles & Parts Credit Spreads EU.AUTOS.CR 161.35 0 1 2.95129 59.7532 -0.00848 -0.03035 0.12173 0.46749

Automobiles & Parts industry News

Automobiles & Parts industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Automobiles & Parts industry by examining the stock and credit performance of major Automobiles & Parts companies across the US, Europe, Eastern Europe and Asia Pacific. Automobiles & Parts Stock performance is monitored by analyzing STOXX equity indices of major Automobiles & Parts companies while Automobiles & Parts credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Automobiles & Parts high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Automobiles & Parts sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Automobiles & Parts industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Automobiles & Parts momentum, Automobiles & Parts trend, Automobiles & Parts oscillator, Automobiles & Parts RSI and Automobiles & Parts returns.

Automobiles & Parts industry description

The Automobiles & Parts sector includes the subsectors of Automobiles, Auto Parts and Tires.
The subsector of Automobiles includes companies engaged in the making of motorcycles and passenger vehicles, including cars, sport utility vehicles (SUVs) and light trucks<
The subsector of Auto Parts includes companies engaged in the manufacturing and distribution of new and replacement parts for motorcycles and automobiles, such as engines, carburetors and batteries.
The subsector of Tires includes companies engaged in manufacturing, distribution and retreaders of automobile, truck and motorcycle tires.

Automobiles & Parts industry Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Automobiles & Parts momentum signal ranges from -100 to +100. The Automobiles & Parts momentum signal is derived as the mean value from 4 calculations for the Automobiles & Parts . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Automobiles & Parts momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Automobiles & Parts momentum signal moves from positive to negative value or vice-versa.

Automobiles & Parts industry trend

Automobiles & Parts trend signal ranges from -100 to +100. Automobiles & Parts trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts Closing price vs Automobiles & Parts moving average (MA) calculation: If Automobiles & Parts is greater than Automobiles & Parts MA value is +1, else -1, 2. Automobiles & Parts Moving average slope calculation: if current Automobiles & Parts moving average is higher than the previous MA, Automobiles & Parts upward slope +1, else -1
Automobiles & Parts trend model can be used as a trend strength indicator. Automobiles & Parts trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Automobiles & Parts trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Automobiles & Parts 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Automobiles & Parts is in an uptrend when Automobiles & Parts price is higher than the 52-week moving average and the Automobiles & Parts 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Automobiles & Parts oscillator and Automobiles & Parts RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Automobiles & Parts industry oscillator

The Automobiles & Parts oscillator estimated by MacroVar is the z-score of the currentAutomobiles & Parts price versus Automobiles & Parts 1-year simple moving average price. The formula for the Automobiles & Parts oscillator is:
Automobiles & Parts oscillator = (Current Price – 250 trading days Automobiles & Parts simple moving average price) / (250 days Automobiles & Parts price standard deviation)

Automobiles & Parts oversold conditions
Automobiles & Parts is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Automobiles & Parts is oversold it is often due for a rebound. Values of the Automobiles & Parts oscillator lower than -2.5 signify oversold conditions. It must be noted that the Automobiles & Parts oscillator must be analyzed ibn conjunction with the rest ofAutomobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Automobiles & Parts RSI.
Automobiles & Parts overbought conditions
Automobiles & Parts is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Automobiles & Parts is overbought it is often due for a correction. Values of the Automobiles & Parts oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Automobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Automobiles & Parts RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Automobiles & Parts is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAutomobiles & Parts uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Automobiles & Parts industry returns

MacroVar calculates Automobiles & Parts returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Automobiles & Parts returns = (Automobiles & Parts Closing Price – Automobiles & Parts Previous Price)/(Automobiles & Parts Previous Price)

Automobiles & Parts industry

Monitor and predict the growth prospects and potential risks of the Automobiles & Parts industry by examining the financial and macroeconomic factors affecting it and the latest Automobiles & Parts news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Automobiles & Parts updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Automobiles & Parts industry trend, growth prospects and risks.

Automobiles & Parts industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Automobiles & Parts industry US.AUTOS 1242.31 0.5 0.25 0.18944 54.4778 0.03441 0.12244 0.01476 0.20816
Europe Automobiles & Parts industry EU.AUTOS 1310.71 1 1 1.47306 67.7387 0.01044 0.00138 0.0411 0.3877
STOXX Asia/Pacific 600 Automobiles & Parts APAC.AUTOS 468.68 0 0 0.09226 55.4467 0.0145 0.04686 -0.03377 0.10496
Eastern Europe Automobiles & Parts EEU.AUTOS 201.49 0 0.75 0.66461 56.0037 0.01073 -0.01472 0.05129 0.04054
US Automobiles & Parts Credit Spreads US.AUTOSPARTS.CR 156.83 0 1 3.42956 62.9589 -0.01097 -0.06325 0.20499 0.57951
Europe Automobiles & Parts Credit Spreads EU.AUTOS.CR 161.35 0 1 2.95129 59.7532 -0.00848 -0.03035 0.12173 0.46749

Automobiles & Parts industry News

Automobiles & Parts industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Automobiles & Parts industry by examining the stock and credit performance of major Automobiles & Parts companies across the US, Europe, Eastern Europe and Asia Pacific. Automobiles & Parts Stock performance is monitored by analyzing STOXX equity indices of major Automobiles & Parts companies while Automobiles & Parts credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Automobiles & Parts high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Automobiles & Parts sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Automobiles & Parts industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Automobiles & Parts momentum, Automobiles & Parts trend, Automobiles & Parts oscillator, Automobiles & Parts RSI and Automobiles & Parts returns.

Automobiles & Parts industry description

The Automobiles & Parts sector includes the subsectors of Automobiles, Auto Parts and Tires.
The subsector of Automobiles includes companies engaged in the making of motorcycles and passenger vehicles, including cars, sport utility vehicles (SUVs) and light trucks<
The subsector of Auto Parts includes companies engaged in the manufacturing and distribution of new and replacement parts for motorcycles and automobiles, such as engines, carburetors and batteries.
The subsector of Tires includes companies engaged in manufacturing, distribution and retreaders of automobile, truck and motorcycle tires.

Automobiles & Parts industry Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Automobiles & Parts momentum signal ranges from -100 to +100. The Automobiles & Parts momentum signal is derived as the mean value from 4 calculations for the Automobiles & Parts . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Automobiles & Parts momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Automobiles & Parts momentum signal moves from positive to negative value or vice-versa.

Automobiles & Parts industry trend

Automobiles & Parts trend signal ranges from -100 to +100. Automobiles & Parts trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts Closing price vs Automobiles & Parts moving average (MA) calculation: If Automobiles & Parts is greater than Automobiles & Parts MA value is +1, else -1, 2. Automobiles & Parts Moving average slope calculation: if current Automobiles & Parts moving average is higher than the previous MA, Automobiles & Parts upward slope +1, else -1
Automobiles & Parts trend model can be used as a trend strength indicator. Automobiles & Parts trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Automobiles & Parts trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Automobiles & Parts 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Automobiles & Parts is in an uptrend when Automobiles & Parts price is higher than the 52-week moving average and the Automobiles & Parts 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Automobiles & Parts oscillator and Automobiles & Parts RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Automobiles & Parts industry oscillator

The Automobiles & Parts oscillator estimated by MacroVar is the z-score of the currentAutomobiles & Parts price versus Automobiles & Parts 1-year simple moving average price. The formula for the Automobiles & Parts oscillator is:
Automobiles & Parts oscillator = (Current Price – 250 trading days Automobiles & Parts simple moving average price) / (250 days Automobiles & Parts price standard deviation)

Automobiles & Parts oversold conditions
Automobiles & Parts is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Automobiles & Parts is oversold it is often due for a rebound. Values of the Automobiles & Parts oscillator lower than -2.5 signify oversold conditions. It must be noted that the Automobiles & Parts oscillator must be analyzed ibn conjunction with the rest ofAutomobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Automobiles & Parts RSI.
Automobiles & Parts overbought conditions
Automobiles & Parts is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Automobiles & Parts is overbought it is often due for a correction. Values of the Automobiles & Parts oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Automobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Automobiles & Parts RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Automobiles & Parts is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAutomobiles & Parts uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Automobiles & Parts industry returns

MacroVar calculates Automobiles & Parts returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Automobiles & Parts returns = (Automobiles & Parts Closing Price – Automobiles & Parts Previous Price)/(Automobiles & Parts Previous Price)

Automobiles & Parts industry

Monitor and predict the growth prospects and potential risks of the Automobiles & Parts industry by examining the financial and macroeconomic factors affecting it and the latest Automobiles & Parts news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Automobiles & Parts updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Automobiles & Parts industry trend, growth prospects and risks.

Automobiles & Parts industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Automobiles & Parts industry US.AUTOS 1242.31 0.5 0.25 0.18944 54.4778 0.03441 0.12244 0.01476 0.20816
Europe Automobiles & Parts industry EU.AUTOS 1310.71 1 1 1.47306 67.7387 0.01044 0.00138 0.0411 0.3877
STOXX Asia/Pacific 600 Automobiles & Parts APAC.AUTOS 468.68 0 0 0.09226 55.4467 0.0145 0.04686 -0.03377 0.10496
Eastern Europe Automobiles & Parts EEU.AUTOS 201.49 0 0.75 0.66461 56.0037 0.01073 -0.01472 0.05129 0.04054
US Automobiles & Parts Credit Spreads US.AUTOSPARTS.CR 156.83 0 1 3.42956 62.9589 -0.01097 -0.06325 0.20499 0.57951
Europe Automobiles & Parts Credit Spreads EU.AUTOS.CR 161.35 0 1 2.95129 59.7532 -0.00848 -0.03035 0.12173 0.46749

Automobiles & Parts industry News

Automobiles & Parts industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Automobiles & Parts industry by examining the stock and credit performance of major Automobiles & Parts companies across the US, Europe, Eastern Europe and Asia Pacific. Automobiles & Parts Stock performance is monitored by analyzing STOXX equity indices of major Automobiles & Parts companies while Automobiles & Parts credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Automobiles & Parts high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Automobiles & Parts sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Automobiles & Parts industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Automobiles & Parts momentum, Automobiles & Parts trend, Automobiles & Parts oscillator, Automobiles & Parts RSI and Automobiles & Parts returns.

Automobiles & Parts industry description

The Automobiles & Parts sector includes the subsectors of Automobiles, Auto Parts and Tires.
The subsector of Automobiles includes companies engaged in the making of motorcycles and passenger vehicles, including cars, sport utility vehicles (SUVs) and light trucks<
The subsector of Auto Parts includes companies engaged in the manufacturing and distribution of new and replacement parts for motorcycles and automobiles, such as engines, carburetors and batteries.
The subsector of Tires includes companies engaged in manufacturing, distribution and retreaders of automobile, truck and motorcycle tires.

Automobiles & Parts industry Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Automobiles & Parts momentum signal ranges from -100 to +100. The Automobiles & Parts momentum signal is derived as the mean value from 4 calculations for the Automobiles & Parts . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Automobiles & Parts momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Automobiles & Parts momentum signal moves from positive to negative value or vice-versa.

Automobiles & Parts industry trend

Automobiles & Parts trend signal ranges from -100 to +100. Automobiles & Parts trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Automobiles & Parts Closing price vs Automobiles & Parts moving average (MA) calculation: If Automobiles & Parts is greater than Automobiles & Parts MA value is +1, else -1, 2. Automobiles & Parts Moving average slope calculation: if current Automobiles & Parts moving average is higher than the previous MA, Automobiles & Parts upward slope +1, else -1
Automobiles & Parts trend model can be used as a trend strength indicator. Automobiles & Parts trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Automobiles & Parts trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Automobiles & Parts 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Automobiles & Parts is in an uptrend when Automobiles & Parts price is higher than the 52-week moving average and the Automobiles & Parts 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Automobiles & Parts oscillator and Automobiles & Parts RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Automobiles & Parts industry oscillator

The Automobiles & Parts oscillator estimated by MacroVar is the z-score of the currentAutomobiles & Parts price versus Automobiles & Parts 1-year simple moving average price. The formula for the Automobiles & Parts oscillator is:
Automobiles & Parts oscillator = (Current Price – 250 trading days Automobiles & Parts simple moving average price) / (250 days Automobiles & Parts price standard deviation)

Automobiles & Parts oversold conditions
Automobiles & Parts is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Automobiles & Parts is oversold it is often due for a rebound. Values of the Automobiles & Parts oscillator lower than -2.5 signify oversold conditions. It must be noted that the Automobiles & Parts oscillator must be analyzed ibn conjunction with the rest ofAutomobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Automobiles & Parts RSI.
Automobiles & Parts overbought conditions
Automobiles & Parts is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Automobiles & Parts is overbought it is often due for a correction. Values of the Automobiles & Parts oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Automobiles & Parts quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Automobiles & Parts RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Automobiles & Parts is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAutomobiles & Parts uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Automobiles & Parts industry returns

MacroVar calculates Automobiles & Parts returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Automobiles & Parts returns = (Automobiles & Parts Closing Price – Automobiles & Parts Previous Price)/(Automobiles & Parts Previous Price)