Insurance Brokers industry
Monitor and predict the growth prospects and potential risks of the Insurance Brokers industry by examining the financial and macroeconomic factors affecting it and the latest Insurance Brokers news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Insurance Brokers 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 Insurance Brokers industry trend, growth prospects and risks.
Insurance Brokers industry Markets
Insurance Brokers industry News
Insurance Brokers industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Insurance Brokers industry by examining the stock and credit performance of major Insurance Brokers companies across the US, Europe, Eastern Europe and Asia Pacific. Insurance Brokers Stock performance is monitored by analyzing STOXX equity indices of major Insurance Brokers companies while Insurance Brokers credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Insurance Brokers high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Insurance Brokers 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 Insurance Brokers industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Insurance Brokers momentum, Insurance Brokers trend, Insurance Brokers oscillator, Insurance Brokers RSI and Insurance Brokers returns.
Insurance Brokers industry Description
The subsector of Insurance Brokers includes Insurance brokers and agencies.
Insurance Brokers 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 Insurance Brokers momentum signal ranges from -100 to +100. The Insurance Brokers momentum signal is derived as the mean value from 4 calculations for the Insurance Brokers . 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. Insurance Brokers 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. Insurance Brokers momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Insurance Brokers momentum signal moves from positive to negative value or vice-versa.
Insurance Brokers industry trendInsurance Brokers trend signal ranges from -100 to +100. Insurance Brokers 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. Insurance Brokers Closing price vs Insurance Brokers moving average (MA) calculation: If Insurance Brokers is greater than Insurance Brokers MA value is +1, else -1, 2. Insurance Brokers Moving average slope calculation: if current Insurance Brokers moving average is higher than the previous MA, Insurance Brokers upward slope +1, else -1
Insurance Brokers trend model can be used as a trend strength indicator. Insurance Brokers trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Insurance Brokers trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Insurance Brokers 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Insurance Brokers is in an uptrend when Insurance Brokers price is higher than the 52-week moving average and the Insurance Brokers 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 Insurance Brokers oscillator and Insurance Brokers RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Insurance Brokers industry oscillatorThe Insurance Brokers oscillator estimated by MacroVar is the z-score of the currentInsurance Brokers price versus Insurance Brokers 1-year simple moving average price. The formula for the Insurance Brokers oscillator is:
Insurance Brokers oscillator = (Current Price – 250 trading days Insurance Brokers simple moving average price) / (250 days Insurance Brokers price standard deviation)
Insurance Brokers oversold conditions
Insurance Brokers is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Insurance Brokers is oversold it is often due for a rebound. Values of the Insurance Brokers oscillator lower than -2.5 signify oversold conditions. It must be noted that the Insurance Brokers oscillator must be analyzed ibn conjunction with the rest ofInsurance Brokers 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 Insurance Brokers RSI.
Insurance Brokers overbought conditions
Insurance Brokers is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Insurance Brokers is overbought it is often due for a correction. Values of the Insurance Brokers oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Insurance Brokers 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.
Insurance Brokers 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 Insurance Brokers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringInsurance Brokers 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.
Insurance Brokers industry returnsMacroVar calculates Insurance Brokers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Insurance Brokers returns = (Insurance Brokers Closing Price – Insurance Brokers Previous Price)/(Insurance Brokers Previous Price)