Clothing & Accessories industry

Monitor and predict the growth prospects and potential risks of the Clothing & Accessories industry by examining the financial and macroeconomic factors affecting it and the latest Clothing & Accessories news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Clothing & Accessories 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 Clothing & Accessories industry trend, growth prospects and risks.

Clothing & Accessories industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Clothing & Accessories industry US.CLOTHING 405.27 1 1 1.82933 66.0736 -0.2 0.33 -3.46 0.1003

Clothing & Accessories industry News

Clothing & Accessories industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Clothing & Accessories 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 Clothing & Accessories industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Clothing & Accessories momentum, Clothing & Accessories trend, Clothing & Accessories oscillator, Clothing & Accessories RSI and Clothing & Accessories returns.

Clothing & Accessories industry Description

The subsector of Clothing & Accessories includes companies engaged in the manufacturing and distribution of all types of clothing, jewelry, watches or textiles. Includes sportswear, sunglasses, eyeglass frames, leather clothing and goods, and processors of hides and skins

Clothing & Accessories 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 Clothing & Accessories momentum signal ranges from -100 to +100. The Clothing & Accessories momentum signal is derived as the mean value from 4 calculations for the Clothing & Accessories . 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. Clothing & Accessories 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. Clothing & Accessories momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Clothing & Accessories momentum signal moves from positive to negative value or vice-versa.

Clothing & Accessories industry trend

Clothing & Accessories trend signal ranges from -100 to +100. Clothing & Accessories 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. Clothing & Accessories Closing price vs Clothing & Accessories moving average (MA) calculation: If Clothing & Accessories is greater than Clothing & Accessories MA value is +1, else -1, 2. Clothing & Accessories Moving average slope calculation: if current Clothing & Accessories moving average is higher than the previous MA, Clothing & Accessories upward slope +1, else -1
Clothing & Accessories trend model can be used as a trend strength indicator. Clothing & Accessories trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Clothing & Accessories trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Clothing & Accessories 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Clothing & Accessories is in an uptrend when Clothing & Accessories price is higher than the 52-week moving average and the Clothing & Accessories 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 Clothing & Accessories oscillator and Clothing & Accessories RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Clothing & Accessories industry oscillator

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

Clothing & Accessories oversold conditions
Clothing & Accessories is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Clothing & Accessories is oversold it is often due for a rebound. Values of the Clothing & Accessories oscillator lower than -2.5 signify oversold conditions. It must be noted that the Clothing & Accessories oscillator must be analyzed ibn conjunction with the rest ofClothing & Accessories 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 Clothing & Accessories RSI.
Clothing & Accessories overbought conditions
Clothing & Accessories is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Clothing & Accessories is overbought it is often due for a correction. Values of the Clothing & Accessories oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Clothing & Accessories 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.

Clothing & Accessories 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 Clothing & Accessories is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringClothing & Accessories 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.

Clothing & Accessories industry returns

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

Clothing & Accessories returns = (Clothing & Accessories Closing Price – Clothing & Accessories Previous Price)/(Clothing & Accessories Previous Price)

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