Insurance 2023-09-22: Unchanged at STRONG strength rating (4th strongest of 9 levels), previous move was UP
TABLE OF CONTENTS
- INDUSTRY OVERVIEW
1A. Performance
1B. Background - SUB-INDUSTRIES AND STOCKS DETAIL
2A. Sub-Industries Overview
2B. Sub-Industries 10-Week Strengthening Analysis
2C. Stocks 1 Week Strongest and Weakest - STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)
3A. Lookback 6 Months
3B. Lookback 4 weeks
3C. Lookback 1 Week
INDUSTRY OVERVIEW
1A. Performance
Past 10 Weeks Strengthening/Weakening week-by-week, per the following chart:
WEAKENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is LOWER than both 4 weeks and 6 Months, per the following chart:
Comments:
- Stocks rated Strongest are 34% of total.
1B. Background
Largest of 5 sub-industries (89 stocks, average 18):
- Property & Casualty Insurance (53 stocks)
- Life Insurance (14 stocks)
- Insurance Brokers (13 stocks)
Top 10 by Market Capitalization:
BRKA/Berkshire Hathaway Cl A, MMC/Marsh & McLennan Cos Inc, CB/Chubb Corp, PGR/Progressive Corp, AON/Aon PLC, AJG/Arthur J Gallagher & Co, MET/Metlife Inc, AFL/Aflac Inc, AIG/American International Group, TRV/The Travelers Companies Inc
2. SUB-INDUSTRIES AND STOCKS DETAIL
2A. Sub-Industries Overview
Strengthened: 0/5 sub-industries
Weakened: 3/5 sub-industries
STRONGEST at Stronger rating/3rd strongest of 9 levels:
- Accident & Health Insurance (4 stocks)
WEAKEST at Average rating/5th strongest of 9 levels:
- Property & Casualty Insurance (53 stocks)
2B. Sub-Industries 10-Week Strengthening Analysis
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
2C. Stocks 1 Week Strongest and Weakest
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest have the least amount of overhead supply to dampen breakouts while
- the Weakest may be prone to volatility, subject to big pops from bottom-fishing and short-covering BUT ALSO to bigger and faster falls.
(Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)
3. STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)
3A. Lookback 6 Months
3B. Lookback 4 weeks
3C. Lookback 1 Week
