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