Insurance 2023-09-15: Unchanged at STRONG strength rating (4th strongest of 9 levels), previous move was UP

Brian Degracia

15 Sep 2023 • 2 min read

Insurance for the trading week ended 2023-09-15, industry unchanged as 3/5 sub-industries strengthened and 1/5 sub-industries weakened.

SUMMARY

Performance

Bottom line: up over the past 3 weeks, no change over the past 10 weeks
Context: same recently vs. YTD
- 66% positive stocks YTD
- 65% positive stocks past 4 weeks

Background

Largest of 5 sub-industries (89 stocks total):
- 53 stocks Property & Casualty Insurance
- 14 stocks Life Insurance
- 13 stocks Insurance Brokers
10 Biggest Market Cap stocks: BRKA, MMC, CB, PGR, AON, AJG, MET, AFL, AIG, TRV

DETAIL: 1 week review, YTD/4 weeks lookbacks

1 Week Review

Strengthened: 3/5 sub-industries
Weakened: 1/5 sub-industries

Strongest at Very Strong/2nd strongest (of 9 levels) rating: Accident & Health Insurance
Weakest at Strong/4th strongest rating: Insurance Brokers, Life Insurance, Property & Casualty Insurance

10-Week Week-by-Week Industry/Sub-industry Strength Comparison
What: recent week-by-week strength changes for the industry and each underlying sub-industry
Why: objective measurement of strengthening and weakening enabling comparison within and across industries and sub-industries

The industry is at the same level as 10 weeks ago.

Strongest and Weakest Stocks
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest may be meme-stock mania candidates prone to breakouts, and
- the Weakest may be prone to large bottom-fishing/short-covering-driven pops... and may also be primed for bigger and faster falls. (Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)