Construction & Materials industry

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

Construction & Materials industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Construction & Materials industry US.CONSTRUCTION 1219.98 0.5 -0.25 -0.6933 56.7746 0.01088 0.06789 0.02632 0.08212
Europe Construction & Materials industry EU.CONSTRUCTION 1172.07 1 1 1.46483 75.1091 0.00238 0.01893 0.05822 0.30449
STOXX Asia Pacific 600 Construction & Materials APAC.CONSTR 116.05 -0.5 -1 -1.39079 47.1464 0.00069 -0.02594 -0.02749 -0.09941
Eastern Europe Construction & Materials EEU.CONSTR 63.92 0.5 -0.25 -0.93652 62.8778 0.01848 0.02027 0.12121 -0.08002
US Construction & Materials Credit Spreads US.CONSTRUCTION.CR 159.95 0 0.75 2.81202 52.7586 -0.00218 -0.07804 0.06826 0.35908
Europe Construction & Materials Credit Spreads EU.CONSTRUCTION.CR 158.94 0 1 3.13103 69.8521 -0.00762 -0.03532 0.22535 0.78906

Construction & Materials industry News

Construction & Materials industry Analysis

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

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

MacroVar estimates the following signals:: Construction & Materials momentum, Construction & Materials trend, Construction & Materials oscillator, Construction & Materials RSI and Construction & Materials returns.

Construction & Materials description

The Construction & Materials sector includes the subsectors of Building Materials & Fixtures and Heavy Construction.
The subsector of Building Materials & Fixtures includes companies engaged in the production of materials used in the construction and refurbishment of buildings and structures, including cement and other aggregates, wooden beams and frames, paint, glass, roofing and flooring materials other than carpets. Includes producers of bathroom and kitchen fixtures, plumbing supplies and central air-conditioning and heating equipment. Excludes producers of raw lumber, which are classified under Forestry.
The subsector Heavy Construction includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors

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

Construction & Materials trend

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

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

Construction & Materials oscillator

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

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

Construction & Materials 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 Construction & Materials is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConstruction & Materials 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.

Construction & Materials returns

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

Construction & Materials returns = (Construction & Materials Closing Price – Construction & Materials Previous Price)/(Construction & Materials Previous Price)

Construction & Materials industry

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

Construction & Materials industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Construction & Materials industry US.CONSTRUCTION 1219.98 0.5 -0.25 -0.6933 56.7746 0.01088 0.06789 0.02632 0.08212
Europe Construction & Materials industry EU.CONSTRUCTION 1172.07 1 1 1.46483 75.1091 0.00238 0.01893 0.05822 0.30449
STOXX Asia Pacific 600 Construction & Materials APAC.CONSTR 116.05 -0.5 -1 -1.39079 47.1464 0.00069 -0.02594 -0.02749 -0.09941
Eastern Europe Construction & Materials EEU.CONSTR 63.92 0.5 -0.25 -0.93652 62.8778 0.01848 0.02027 0.12121 -0.08002
US Construction & Materials Credit Spreads US.CONSTRUCTION.CR 159.95 0 0.75 2.81202 52.7586 -0.00218 -0.07804 0.06826 0.35908
Europe Construction & Materials Credit Spreads EU.CONSTRUCTION.CR 158.94 0 1 3.13103 69.8521 -0.00762 -0.03532 0.22535 0.78906

Construction & Materials industry News

Construction & Materials industry Analysis

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

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

MacroVar estimates the following signals:: Construction & Materials momentum, Construction & Materials trend, Construction & Materials oscillator, Construction & Materials RSI and Construction & Materials returns.

Construction & Materials description

The Construction & Materials sector includes the subsectors of Building Materials & Fixtures and Heavy Construction.
The subsector of Building Materials & Fixtures includes companies engaged in the production of materials used in the construction and refurbishment of buildings and structures, including cement and other aggregates, wooden beams and frames, paint, glass, roofing and flooring materials other than carpets. Includes producers of bathroom and kitchen fixtures, plumbing supplies and central air-conditioning and heating equipment. Excludes producers of raw lumber, which are classified under Forestry.
The subsector Heavy Construction includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors

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

Construction & Materials trend

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

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

Construction & Materials oscillator

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

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

Construction & Materials 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 Construction & Materials is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConstruction & Materials 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.

Construction & Materials returns

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

Construction & Materials returns = (Construction & Materials Closing Price – Construction & Materials Previous Price)/(Construction & Materials Previous Price)

Construction & Materials industry

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

Construction & Materials industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Construction & Materials industry US.CONSTRUCTION 1219.98 0.5 -0.25 -0.6933 56.7746 0.01088 0.06789 0.02632 0.08212
Europe Construction & Materials industry EU.CONSTRUCTION 1172.07 1 1 1.46483 75.1091 0.00238 0.01893 0.05822 0.30449
STOXX Asia Pacific 600 Construction & Materials APAC.CONSTR 116.05 -0.5 -1 -1.39079 47.1464 0.00069 -0.02594 -0.02749 -0.09941
Eastern Europe Construction & Materials EEU.CONSTR 63.92 0.5 -0.25 -0.93652 62.8778 0.01848 0.02027 0.12121 -0.08002
US Construction & Materials Credit Spreads US.CONSTRUCTION.CR 159.95 0 0.75 2.81202 52.7586 -0.00218 -0.07804 0.06826 0.35908
Europe Construction & Materials Credit Spreads EU.CONSTRUCTION.CR 158.94 0 1 3.13103 69.8521 -0.00762 -0.03532 0.22535 0.78906

Construction & Materials industry News

Construction & Materials industry Analysis

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

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

MacroVar estimates the following signals:: Construction & Materials momentum, Construction & Materials trend, Construction & Materials oscillator, Construction & Materials RSI and Construction & Materials returns.

Construction & Materials description

The Construction & Materials sector includes the subsectors of Building Materials & Fixtures and Heavy Construction.
The subsector of Building Materials & Fixtures includes companies engaged in the production of materials used in the construction and refurbishment of buildings and structures, including cement and other aggregates, wooden beams and frames, paint, glass, roofing and flooring materials other than carpets. Includes producers of bathroom and kitchen fixtures, plumbing supplies and central air-conditioning and heating equipment. Excludes producers of raw lumber, which are classified under Forestry.
The subsector Heavy Construction includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors

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

Construction & Materials trend

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

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

Construction & Materials oscillator

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

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

Construction & Materials 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 Construction & Materials is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConstruction & Materials 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.

Construction & Materials returns

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

Construction & Materials returns = (Construction & Materials Closing Price – Construction & Materials Previous Price)/(Construction & Materials Previous Price)

Construction & Materials industry

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

Construction & Materials industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Construction & Materials industry US.CONSTRUCTION 1219.98 0.5 -0.25 -0.6933 56.7746 0.01088 0.06789 0.02632 0.08212
Europe Construction & Materials industry EU.CONSTRUCTION 1172.07 1 1 1.46483 75.1091 0.00238 0.01893 0.05822 0.30449
STOXX Asia Pacific 600 Construction & Materials APAC.CONSTR 116.05 -0.5 -1 -1.39079 47.1464 0.00069 -0.02594 -0.02749 -0.09941
Eastern Europe Construction & Materials EEU.CONSTR 63.92 0.5 -0.25 -0.93652 62.8778 0.01848 0.02027 0.12121 -0.08002
US Construction & Materials Credit Spreads US.CONSTRUCTION.CR 159.95 0 0.75 2.81202 52.7586 -0.00218 -0.07804 0.06826 0.35908
Europe Construction & Materials Credit Spreads EU.CONSTRUCTION.CR 158.94 0 1 3.13103 69.8521 -0.00762 -0.03532 0.22535 0.78906

Construction & Materials industry News

Construction & Materials industry Analysis

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

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

MacroVar estimates the following signals:: Construction & Materials momentum, Construction & Materials trend, Construction & Materials oscillator, Construction & Materials RSI and Construction & Materials returns.

Construction & Materials description

The Construction & Materials sector includes the subsectors of Building Materials & Fixtures and Heavy Construction.
The subsector of Building Materials & Fixtures includes companies engaged in the production of materials used in the construction and refurbishment of buildings and structures, including cement and other aggregates, wooden beams and frames, paint, glass, roofing and flooring materials other than carpets. Includes producers of bathroom and kitchen fixtures, plumbing supplies and central air-conditioning and heating equipment. Excludes producers of raw lumber, which are classified under Forestry.
The subsector Heavy Construction includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors

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

Construction & Materials trend

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

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

Construction & Materials oscillator

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

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

Construction & Materials 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 Construction & Materials is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConstruction & Materials 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.

Construction & Materials returns

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

Construction & Materials returns = (Construction & Materials Closing Price – Construction & Materials Previous Price)/(Construction & Materials Previous Price)