Agathos Analytics

Below, seven of the world’s equity markets are tracked. The list includes USA, Japan, Great Britain, Eurozone (the four largest single markets), Switzerland, Australia, and Canada (the latter two as markets with significant exposure to energy, metals, and minerals). All analyses are based on weekly closing prices.

The first section compares markets against against each other. A second section gives a close-up view of each market by comparing and contrasting a plot of the general market index with various indicators calculated from large samples of individual stocks in each market. To facilitate visual comparison, all graphs use fixed, and uniform scales.

Shown here is a selection of analyses and illustrations. From time to time, different type of charts may be on display. The full range of analyses is available by subscription.

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Cross-comparison of Equity Markets

In this section, each graph shows all seven markets

Market Indices Three Weeks

Shown is the recent performance of market indices, 15 days to date, rebased to 100.

Market Indices Last Week

Shown is the on-balance performance of market indices, five days to date.

Market Indices Last Four Weeks

Shown is the on-balance performance of market indices, 20 days to date.

Market Indices Last One Year

Shown is the on-balance performance of market indices, 52 Weeks to date.

Market Indices Cross-Dependency

Columns represent the squared correlation between each market and the other six (equal weight) calculated from 52 weekly rates of change to date.

Market Indices Distance From Recent Extremes

Columns represent the distances of current price and highs and lows reached during the 52 preceding weeks, using weekly closing prices.

Market Indices Volatility & Inflection Points

Calculated from the 52 weekly rates of change to date, the standard deviation is calculated and shown together withe the upper (right) and lower (left) inflection points of the normal distribution.

Market Indices Distribution Distortion

Comparing actual versus theoretical distribution, distortions from ‘normal’ are highlighted. Kurtosis (calculated according to Cochran) is shown on the y-axis, skew (calculated according to Fisher & Pearson) is shown on the x-axis.

The chart reflects 52 weekly rates of change to date.

Close-Up Views of Equity Markets

In this section, there is one chart for each market.

01-Market Index & Median Stock Index

Shown is the general market index together with a plot of the median stock performance, both re-calculated to a base value of 100. The lower portion shows the cumulative difference between the two, illustrating the equal-weight performance of a broad, capitalisation-neutral market measure relative to a small number of ‘index titans’.

03-Market Index & Frequency of Positive Weekly Changes

Depicted is the frequency of positive weekly changes in the general market, measured over trailing 20 weeks, comparing up-frequency of the index itself with the median of stocks. The data are smoothed.

05-Market Index & Prevalence of Stocks With Rising Moving Averages

Here, the prevalence of stocks with rising short-term (8 wks), and long-term (52 wks) moving averages is shown. The data are smoothed.

07-Market Index & Buoyancy

The market index is plotted against a measure of buoyancy, here defined as the frequency-weighted average of stock gains over average losses. The data are smoothed.

4Wk Market Index & Performance Distribution

52Wk Market Index & Performance Distribution