Nonlife Insurance industry
Monitor and predict the growth prospects and potential risks of the Nonlife Insurance industry by examining the financial and macroeconomic factors affecting it and the latest Nonlife Insurance news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Nonlife Insurance 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 Nonlife Insurance industry trend, growth prospects and risks.
Nonlife Insurance industry Markets
|US Nonlife Insurance industry||US.NONLIFEINSURANCE||761.96||1||0.75||1.29895||60.5278||0.55||1.64||0.6||-0.02227|
|Europe Nonlife Insurance industry||EU.NONLIFEINS||584.52||-0.5||-0.25||-0.41725||46.3112||-1.47||-1.57||0.6||-0.13218|
|US Nonlife Insurance Credit Spreads||US.NONLIFEINSURANCE.CR||105.67||-1||-1||-1.08748||30.1105||1.18||3.14||-3.01||-0.06827|
Nonlife Insurance industry News
Nonlife Insurance industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Nonlife Insurance industry by examining the stock and credit performance of major Nonlife Insurance companies across the US, Europe, Eastern Europe and Asia Pacific. Nonlife Insurance Stock performance is monitored by analyzing STOXX equity indices of major Nonlife Insurance companies while Nonlife Insurance credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Nonlife Insurance high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Nonlife Insurance 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 Nonlife Insurance industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Nonlife Insurance momentum, Nonlife Insurance trend, Nonlife Insurance oscillator, Nonlife Insurance RSI and Nonlife Insurance returns.
Nonlife Insurance industry Description
The sector of Nonlife Insurance includes the subsectors of Full Line Insurance, Insurance Brokers, Property & Casualty Insurance and Reinsurance.
Nonlife Insurance 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 Nonlife Insurance momentum signal ranges from -100 to +100. The Nonlife Insurance momentum signal is derived as the mean value from 4 calculations for the Nonlife Insurance . 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. Nonlife Insurance 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. Nonlife Insurance momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Nonlife Insurance momentum signal moves from positive to negative value or vice-versa.
Nonlife Insurance industry trendNonlife Insurance trend signal ranges from -100 to +100. Nonlife Insurance 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. Nonlife Insurance Closing price vs Nonlife Insurance moving average (MA) calculation: If Nonlife Insurance is greater than Nonlife Insurance MA value is +1, else -1, 2. Nonlife Insurance Moving average slope calculation: if current Nonlife Insurance moving average is higher than the previous MA, Nonlife Insurance upward slope +1, else -1
Nonlife Insurance trend model can be used as a trend strength indicator. Nonlife Insurance trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Nonlife Insurance trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Nonlife Insurance 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Nonlife Insurance is in an uptrend when Nonlife Insurance price is higher than the 52-week moving average and the Nonlife Insurance 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 Nonlife Insurance oscillator and Nonlife Insurance RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Nonlife Insurance industry oscillatorThe Nonlife Insurance oscillator estimated by MacroVar is the z-score of the currentNonlife Insurance price versus Nonlife Insurance 1-year simple moving average price. The formula for the Nonlife Insurance oscillator is:
Nonlife Insurance oscillator = (Current Price – 250 trading days Nonlife Insurance simple moving average price) / (250 days Nonlife Insurance price standard deviation)
Nonlife Insurance oversold conditions
Nonlife Insurance is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Nonlife Insurance is oversold it is often due for a rebound. Values of the Nonlife Insurance oscillator lower than -2.5 signify oversold conditions. It must be noted that the Nonlife Insurance oscillator must be analyzed ibn conjunction with the rest ofNonlife Insurance 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 Nonlife Insurance RSI.
Nonlife Insurance overbought conditions
Nonlife Insurance is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Nonlife Insurance is overbought it is often due for a correction. Values of the Nonlife Insurance oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Nonlife Insurance 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.
Nonlife Insurance 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 Nonlife Insurance is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNonlife Insurance 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.
Nonlife Insurance industry returnsMacroVar calculates Nonlife Insurance returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Nonlife Insurance returns = (Nonlife Insurance Closing Price – Nonlife Insurance Previous Price)/(Nonlife Insurance Previous Price)