MacroRisk Factor - FTSE 100

Transcription

1 MacroRisk Analytics - MacroRisk Factor - FTSE of 1 10/18/ :17 PM MacroRisk Factors» MacroRisk Factor - FTSE 100 MacroRisk Factor - FTSE 100 The FTSE 100 (Financial Times Stock Exchange 100) is an index, or collection, of the 100 "most-valued" stocks in the London Stock Exchange (the 100 stocks with the highest market capitalization). Similar to the S&P 500 for the New York Stock Exchange, the FTSE 100 measures how well the overall London Stock Market is performing at a given time. These statistics are not seasonally adjusted.

2 MacroRisk Analytics - MacroRisk Factor - Gold Index 1 of 1 10/18/ :18 PM MacroRisk Factors» MacroRisk Factor - Gold Index MacroRisk Factor - Gold Index The Gold Index determines what the price of gold is at any given time. This price is set twice a day in London: once in the morning, (the AM Fixing) and once in the afternoon (the PM fixing). Eta Analysis uses the London AM Fixing of the Gold Price. These statistics are not seasonally adjusted.

3 MacroRisk Analytics - MacroRisk Factor - Corporate Bond (BAA) Yield 1 of 1 10/18/ :18 PM MacroRisk Factors» MacroRisk Factor - Corporate Bond (BAA) Yield MacroRisk Factor - Corporate Bond (BAA) Yield The Corporate Bond Yield is the average interest rate an investor expects to earn on a bond with a Baa rating. This rating identifies investment grade bonds with moderate risk, but with less risk than speculative grade bonds. These statistics are not seasonally adjusted.

4 MacroRisk Analytics - MacroRisk Factor - Consumer Price Index 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Consumer Price Index MacroRisk Factor - Consumer Price Index The United States Consumer Price Index, or CPI, measures the price of a specified collection of "standard" household goods, like food and clothing. People will theoretically purchase the same amount of these goods over time; therefore, the CPI can be used to track the level of inflation. For example, if people spend $1,000 one year on a set of items, then $1,100 the next year on the same set of items, the inflation rate is 10%. These statistics are not seasonally adjusted.

5 MacroRisk Analytics - MacroRisk Factor - Short-Term Gov't Bond Yield 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Short-Term Gov't Bond Yield MacroRisk Factor - Short-Term Gov't Bond Yield The Short-Term Government Bond Yield is how much an investor would make from buying a one-year treasury bill. It measures the lowest one-year interest rate in the United States, since government bonds are "risk-free." These statistics are not seasonally adjusted.

6 MacroRisk Analytics - MacroRisk Factor - Intermediate-Term Gov't Bon of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Intermediate-Term Gov't Bond Yield MacroRisk Factor - Intermediate-Term Gov't Bond Yield The Intermediate-Term Government Bond Yield is how much an investor would make from buying a ten-year treasury bond. It measures the lowest ten-year interest rate in the United States, since government bonds are "risk-free." These statistics are not seasonally adjusted.

7 MacroRisk Analytics - MacroRisk Factor - Long-Term Gov't Bond Yield 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Long-Term Gov't Bond Yield MacroRisk Factor - Long-Term Gov't Bond Yield The Long-Term Government Bond Yield is how much an investor would make from buying a twenty-year treasury bond. It measures the lowest twenty-year interest rate in the United States, since government bonds are "risk-free." Originally, EconomicInvestor used thirty-year treasury bonds in its model, but the government stopped issuing these bonds on October 31, Since then, Eta Analysis has measured the effects of twenty-year treasury bonds in its MacroRisk model. These statistics are not seasonally adjusted.

8 MacroRisk Analytics - MacroRisk Factor - Tokyo Stock Exchange Index 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Tokyo Stock Exchange Index MacroRisk Factor - Tokyo Stock Exchange Index The TOPIX, or Tokyo Stock Exchange Index, is the collection of the top 1,000 companies on the Tokyo Stock Exchange. Similar to the S&P 500 for the New York Stock Exchange, the TOPIX measures how well the overall Tokyo Stock Market is performing at a given time. These statistics are not seasonally adjusted.

9 MacroRisk Analytics - MacroRisk Factor - Euro Exchange Rate 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Euro Exchange Rate MacroRisk Factor - Euro Exchange Rate The Euro Exchange Rate measures how many dollars it takes to buy 1,000 Euros. The Euro is the currency of 16 countries of the European Union. When the dollar is "strong" compared to the Euro, (when a dollar can buy more Euros), it is "cheaper" to buy things with United States dollars than with Euros. When the dollar is "weak," the opposite is true. These statistics are not seasonally adjusted.

10 MacroRisk Analytics - MacroRisk Factor - Agricultural Exports 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Agricultural Exports MacroRisk Factor - Agricultural Exports The total United States Agricultural Exports is the amount of American-grown agricultural commodities, such as corn or fruit, being sold to people in other countries. The statistics for this, in billions of dollars, are released monthly by the United States Census Bureau's Foreign Trade Statistics concerning U.S. International Trade in Goods and Services, (FT900). These statistics are not seasonally adjusted.

11 MacroRisk Analytics - MacroRisk Factor - Housing Starts 1 of 1 10/18/ :19 PM MacroRisk Factors» MacroRisk Factor - Housing Starts MacroRisk Factor - Housing Starts Housing starts is the total number (in millions) of new housing units (houses and farms) built each year as reported by the U.S. Bureau of the Census. If there are more homes built, in general, it means that people have more money to spare in a given year. This means that Housing Starts is a good measure of how prosperous the economy is at a particular time. This number is seasonally adjusted at annual rates.

12 MacroRisk Analytics - MacroRisk Factor - Monetary Base 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - Monetary Base MacroRisk Factor - Monetary Base The U.S. Monetary Base is a measure of how much currency is actually in the United States. It includes all paper money, coins, and bank reserves. This is measured by the Board of Governors of the Federal Reserve System, and reported in billions of current dollars in their Statistical Release H.3. This number is seasonally adjusted.

13 MacroRisk Analytics - MacroRisk Factor - M2 Money Supply 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - M2 Money Supply MacroRisk Factor - M2 Money Supply The United States M2 Money Supply is a measure of how much money is actually in the US economy. It is the sum of the Monetary Base, (this is another MacroRisk factor; it includes all physical currency and bank reserves), demand deposits (money in checking accounts), and other saved money (such as money in savings accounts, money market funds, and small-amount certificates of deposit). This number is seasonally adjusted.

14 MacroRisk Analytics - MacroRisk Factor - Corporate Cash Flow 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - Corporate Cash Flow MacroRisk Factor - Corporate Cash Flow The Corporate Cash Flow is the measure of cash, in billions of dollars, that United States corporations have available to give to their investors and debt holders after investing back in the company. In other words, this is the amount of net income after taxes, plus depreciation and amortization charges, minus investments necessary to keep the company running. This "free cash flow" is measured in chained dollars, which adjusts for inflation. This statistic is released each quarter, and is seasonally adjusted at annual rates.

15 MacroRisk Analytics - MacroRisk Factor - Unemployment Rate 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - Unemployment Rate MacroRisk Factor - Unemployment Rate The Unemployment Rate is the percentage of the people in the United States' labor force who are currently out of work but seeking a job, as measured by the Bureau of Labor Statistics in the U.S. Department of Labor. These statistics are seasonally adjusted.

16 MacroRisk Analytics - MacroRisk Factor - Auto Sales 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - Auto Sales MacroRisk Factor - Auto Sales The number of automobiles sold each year in the United States is measured by the U.S. Bureau of Economic Analysis. Eta Analysis uses the seasonally adjusted annual rate (SAAR) of these auto sales statistics, in millions.

17 MacroRisk Analytics - MacroRisk Factor - New Durable Goods Orders 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - New Durable Goods Orders MacroRisk Factor - New Durable Goods Orders Durable goods are those items that will last for a long time, such as cars and furniture. The number of orders for new durable goods each month is recorded by the Institute for Supply Management. The ISM then reports how many new durable goods are ordered in a particular month as opposed to the month previous. This ratio is seasonally adjusted.

18 MacroRisk Analytics - MacroRisk Factor - Energy Prices 1 of 1 10/18/ :20 PM MacroRisk Factors» MacroRisk Factor - Energy Prices MacroRisk Factor - Energy Prices The amount the average consumer pays for energy is measured by the U.S. Bureau of Economic Analysis, in its price index for Personal Consumption Expenditures issued monthly. This includes fuel, oil, and "other energy goods." This index is seasonally adjusted.