Consumer Services industry
Monitor and predict the growth prospects and potential risks of the Consumer Services industry by examining the financial and macroeconomic factors affecting it and the latest Consumer Services news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Consumer Services 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 Consumer Services industry trend, growth prospects and risks.
Consumer Services industry Markets
|US Consumer Services industry||US.CONSSERV||1627.89||0.5||1||1.48381||56.6254||-0.6||1.89||1.41||0.24762|
|Europe Consumer Services industry||EU.CONSSERV||523.1||0||0.5||-0.07123||56.9621||-0.12||1.46||6.9||-0.06593|
|US Consumer Services Credit Spreads||US.CONSSERV.CR||105.44||-0.5||-1||-1.12302||30.2926||1.84||6.15||1.13||-0.07603|
|Europe Consumer Services Credit Spreads||EU.CONSUMERSERV.CR||86.62||-0.5||-1||-1.05397||28.7865||0.43||1.58||-0.18||-0.06089|
Consumer Services industry News
Consumer Services industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Consumer Services industry by examining the stock and credit performance of major Consumer Services companies across the US, Europe, Eastern Europe and Asia Pacific. Consumer Services Stock performance is monitored by analyzing STOXX equity indices of major Consumer Services companies while Consumer Services credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Consumer Services high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Consumer Services 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 Consumer Services industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Consumer Services momentum, Consumer Services trend, Consumer Services oscillator, Consumer Services RSI and Consumer Services returns.
Consumer Services industry Description
The Consumer services industyr includes the supersectors of Retail, Media and Travel & Leisure. The supersector of Retail includes the sectors of Food & Drug Retailers and General Retailers.
The sector of Food & Drug Retailers includes Drug Retailers and Food Retailers & Wholesalers.
The subsector of Drug Retailers includes Operators of pharmacies, including wholesalers and distributors catering to these businesses.
The subsector of Food Retailers & Wholesalers includes supermarkets, food-oriented convenience stores and other food retailers and distributors. Includes retailers of dietary supplements and vitamins.
The sector of General Retailers includes the subsectors of Apparel Retailers, Broadline Retailers, Home Improvement Retailers, Specialized Consumer Services and Specialty Retailers.
The subsector of Apparel Retailers includes Retailers and wholesalers specializing mainly in clothing, shoes, jewelry, sunglasses and other accessories.
The subsector of Broadline Retailers includes Retail outlets and wholesalers offering a wide variety of products including both hard goods and soft goods.
The subsector of Home Improvement Retailers includes Retailers and wholesalers concentrating on the sale of home improvement products, including garden equipment, carpets, wallpaper, paint, home furniture, blinds and curtains, and building materials.
The subsector of Specialized Consumer Services includes Providers of consumer services such as auction houses, day-care centers, dry cleaners, schools, consumer rental companies, veterinary clinics, hair salons and providers of funeral, lawn-maintenance, consumer-storage, heating and cooling installation and plumbing services.
The subsector of Specialty Retailers includes Retailers and wholesalers concentrating on a single class of goods, such as electronics, books, automotive parts or closeouts. Includes automobile dealerships, video rental stores, dollar stores, duty-free shops and automotive fuel stations not owned by oil companies.
The sectors of Media includes subsectors of Broadcasting & Entertainment, Media Agencies and Publishing.
The subsector of Broadcasting & Entertainment includes Producers, operators and broadcasters of radio, television, music and filmed entertainment. Excludes movie theaters, which are classified under Recreational Services.
The subsector of Media Agencies includes companies providing advertising, public relations and marketing services. Includes billboard providers and telemarketers.
The subsector of Publishing includes Publishers of information via printed or electronic media.
The supersector of Travel & Leisure includes subsectors of Airlines, Gambling, Hotels, Recreational Services, Restaurants & Bars and Travel & Tourism.
The subsector of Airlines includes companies providing primarily passenger air transport. Excludes airports, which are classified under Transportation Services.
The subsector of Gambling includes providers of gambling and casino facilities. Includes online casinos, racetracks and the manufacturers of pachinko machines and casi-no and lottery equipment.
The subsector of Hotels includes Operators and managers of hotels, motels, lodges, resorts, spas and campgrounds.
The subsector of Recreational Services includes providers of leisure facilities and services, including fitness centers, cruise lines, movie theaters and sports teams.
The subsector of Restaurants & Bars includes operators of restaurants, fast-food facilities, coffee shops and bars. Includes integrated brewery companies and catering companies.
The subsector of travel & Tourism includes companies providing travel and tourism related services, including travel agents, online travel reservation services, automobile rental firms and companies that primarily provide passenger transportation, such as buses, taxis, passenger rail and ferry companies.
Consumer Services industry MomentumMomentum 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 Consumer Services momentum signal ranges from -100 to +100. The Consumer Services momentum signal is derived as the mean value from 4 calculations for the Consumer Services . 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. Consumer Services 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. Consumer Services momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Consumer Services momentum signal moves from positive to negative value or vice-versa.
Consumer Services industry trendConsumer Services trend signal ranges from -100 to +100. Consumer Services 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. Consumer Services Closing price vs Consumer Services moving average (MA) calculation: If Consumer Services is greater than Consumer Services MA value is +1, else -1, 2. Consumer Services Moving average slope calculation: if current Consumer Services moving average is higher than the previous MA, Consumer Services upward slope +1, else -1
Consumer Services trend model can be used as a trend strength indicator. Consumer Services trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Consumer Services trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Consumer Services 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Consumer Services is in an uptrend when Consumer Services price is higher than the 52-week moving average and the Consumer Services 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 Consumer Services oscillator and Consumer Services RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Consumer Services industry oscillatorThe Consumer Services oscillator estimated by MacroVar is the z-score of the currentConsumer Services price versus Consumer Services 1-year simple moving average price. The formula for the Consumer Services oscillator is:
Consumer Services oscillator = (Current Price – 250 trading days Consumer Services simple moving average price) / (250 days Consumer Services price standard deviation)
Consumer Services oversold conditions
Consumer Services is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Consumer Services is oversold it is often due for a rebound. Values of the Consumer Services oscillator lower than -2.5 signify oversold conditions. It must be noted that the Consumer Services oscillator must be analyzed ibn conjunction with the rest ofConsumer Services 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 Consumer Services RSI.
Consumer Services overbought conditions
Consumer Services is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Consumer Services is overbought it is often due for a correction. Values of the Consumer Services oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Consumer Services 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.
Consumer Services RSI indicatorThe 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 Consumer Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConsumer Services 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.
Consumer Services industry returnsMacroVar calculates Consumer Services returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Consumer Services returns = (Consumer Services Closing Price – Consumer Services Previous Price)/(Consumer Services Previous Price)