Some very interesting insights on today’s market comes from looking at the Advances/Declining ratio. On the NYSE, 948 issues have increased in price as of mid-day trading, against 2,899 declines. That’s a ratio of 24/73, or almost 1 advance for every 3 declines. Why don’t those numbers sum to 1? One hundred three, or 3%, of stocks that trade on the NYSE (NYSE:NYX) are unchanged.
For the NASDAQ (NASDAQ:NDAQ), the numbers are very similar: 22% of stocks have advanced, 75% have declined, and 3% remain unchanged.
The up volume/down volume ratio is even more lopsided, with 12% of the NYSE volume showing an uptick, and 87% of the NYSE volume showing a downtick. For the NASDAQ, the corresponding values are 16% and 83%. (Again, a small number of unchanged values accounts for the balance for both exchanges.)
(Data are sourced from here)
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