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