Positioning window open
Trend, participation and relative evidence are sufficiently aligned for selective exposure.
Defensive92/100Position
Banks - Diversified
For the week ending 04 September 2026, Banks - Diversified advanced 2.34% with 103 advancing, 17 declining, and 3 unchanged constituents.
Industry positioning posturePositioning window open
Trend, participation and relative evidence are sufficiently aligned for selective exposure.
Industry evidence score92/100Position
Index value4253.65
Weekly return2.34%
Measured equities123
Sibling rank1 of 15
156 completed weeks
Banks - Diversified trend architecture
Price, Activity Lines, Trend Line and current Fair Value, with the recognized architecture behind each completed week.
ArchitectureUpward Expansion
Index vs Trend14.4%
13-week persistence15.8%
Advancing participation84%
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Positioning and relative evidence
Is Banks - Diversified earning a place in the portfolio?
Technical evidence determines the posture. Sentiment remains a separate confirmation layer.
Five-pillar evidence
92Quality of the positioning case
Trend
90
Breadth
81
Persistence
100
Relative
100
Risk quality
97
Parent-relative performance
Composite rank 1 of 15Returns versus Financial Services
1 week2.3%1.9 pts
4 weeks2.8%1.3 pts
13 weeks15.8%9.5 pts
26 weeks28.5%20.7 pts
52 weeks46.0%36.0 pts
Relative leadership path
ImprovingBanks - Diversified versus Financial Services
Evidence ledger
Confirmation and conflict
+The index remains above a constructive Trend gate.
+Participation is broad enough to support the index move.
+Constituent trends show positive multi-horizon persistence.
+Relative performance is improving within its parent hierarchy.
!The index is extended well above current Fair Value, increasing chase risk.
Decision boundaries
What would change the posture?
1A completed weekly close below the Trend Line at 3,717.24 would weaken the constructive case.
2Breadth falling below 45% while the index holds up would signal narrowing leadership.
3A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.
Trend state and durability
Architecture, persistence and constituent regimes
The industry index path is tested against the securities beneath it.
Index architecture
19 weeksUpward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
Trend gateUpFan width7.09%Accepted above fan83%Accepted below fan0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreementPositive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
15.8%
26-week
28.5%
39-week
29.2%
52-week
46.0%
Regime age104 weeks52-week flips052-week boundary2913.97
Constituent trend persistence
95% coverageHow broadly durable is the move?
97%positive
Coherent positive90%
Coherent negative0%
Horizon agreement97%
Weakening positives2
Repairing negatives3
117 constituents measured as of 4 Sep 2026.
Custom stage map
94% coverageWhere covered constituents sit in the cycle
88%Stage 2
Stage 1 Basing0%0
Stage 2 Advancing88%102
Stage 3 Distribution9%10
Stage 4 Declining3%4
Re-acceleration0Transition watch2Fair Value repairs0
Stage coverage is shown explicitly and is not substituted for full-universe persistence coverage.
Geographic diffusion
Where Banks - Diversified strength is developing
Country returns, participation and Trend position show whether the global result is widely shared or locally concentrated.
Countries measured1421 represented in the full universe
Positive countries13 / 14Latest weekly return above zero
Above Trend Line93%13 country indexes
Return dispersion1.40 ptsCross-country opportunity and divergence
Asia Pacific4.18%
3 countries · 16 equities · 13% of measured coverage
Europe2.25%
6 countries · 42 equities · 34% of measured coverage
North America1.95%
3 countries · 31 equities · 25% of measured coverage
Latin America0.74%
2 countries · 22 equities · 18% of measured coverage
Country evidence map
Minimum 3 constituentsReturn, breadth and trend condition
🇭🇰HK7
5.22%
100% up · above Trend
🇨🇳CN5
3.86%
100% up · above Trend
🇬🇧GB7
3.29%
86% up · above Trend
🇦🇹AT15
2.85%
87% up · above Trend
🇦🇺AU4
2.74%
100% up · below Trend
🇺🇸US18
2.51%
100% up · above Trend
🇩🇪DE11
1.87%
82% up · above Trend
🇪🇸ES3
1.79%
100% up · above Trend
🇨🇦CA6
1.50%
83% up · above Trend
🇸🇪SE3
1.27%
100% up · above Trend
🇲🇽MX7
0.90%
57% up · above Trend
🇧🇷BR13
0.80%
54% up · above Trend
🇦🇷AR9
0.64%
56% up · above Trend
🇨🇭CH3
-0.28%
67% up · above Trend
7 thin country slices are excluded from comparative conclusions. Their securities remain in the global index.
Country leadership
Strongest confirmed tapes
🇭🇰Hong Kong7 equities5.22%
🇨🇳China5 equities3.86%
🇬🇧United Kingdom7 equities3.29%
🇦🇹Austria15 equities2.85%
🇦🇺Australia4 equities2.74%
🇺🇸United States18 equities2.51%
Country pressure
Weakest current tapes
🇨🇭Switzerland3 equities-0.28%
🇦🇷Argentina9 equities0.64%
🇧🇷Brazil13 equities0.80%
🇲🇽Mexico7 equities0.90%
🇸🇪Sweden3 equities1.27%
🇨🇦Canada6 equities1.50%
Sibling industry comparison
Where Banks - Diversified sits inside Financial Services
Relative strength, acceleration and participation separate durable leadership from a one-week move.
Composite rank1 / 15
Leading6
Lagging6
Above Trend14 / 15
Return dispersion1.27 pts
Competitive-set rotation
Bubble size shows constituentsIs this industry gaining or surrendering leadership?
Improving
Leading
Lagging
Weakening
13-week relative strength4-week acceleration
Banks - Diversified100Insurance - Reinsurance100Insurance - Life82Banks - Regional90Insurance - Property & Casualty98Capital Markets50Insurance - Diversified77Mortgage Finance17Financial Conglomerates42Insurance - Specialty44Shell Companies27Credit Services38Financial Data & Stock Exchanges67Asset Management26Insurance Brokers40
Sibling ranking
Momentum with confirmation
1
Banks - DiversifiedLeading · 84% participation
1002Insurance - ReinsuranceLeading · 77% participation
1003Insurance - Property & CasualtyLeading · 51% participation
984Banks - RegionalLeading · 74% participation
905Insurance - LifeLeading · 65% participation
826Insurance - DiversifiedWeakening · 56% participation
777Financial Data & Stock ExchangesLeading · 35% participation
678Capital MarketsImproving · 48% participation
509Insurance - SpecialtyLagging · 57% participation
4410Financial ConglomeratesLagging · 45% participation
4211Insurance BrokersWeakening · 30% participation
4012Credit ServicesLagging · 37% participation
3813Shell CompaniesLagging · 49% participation
2714Asset ManagementLagging · 33% participation
2615Mortgage FinanceLagging · 54% participation
17Market internals and risk
Participation, momentum and payoff shape
The headline index is tested against participation, volatility, drawdown and the distribution of security returns.
Advancing participation83.7%17.5 points versus recent baseline
13-week positive weeks85%Index-level hit rate
Annualised volatility13.5%52-week index return volatility
Current drawdown0.0%From the 52-week index high
156-week max drawdown-11.5%Peak-to-trough index decline
Breadth impulse
Range -100 to +100Net advancing participation
Trend momentum
Positive or negative slopeTrend Line rate of change
Security return distribution
123 equitiesWhat the headline return conceals
Average loser-1.01%
Average winner+2.96%
Median equity2.13%The middle security, less sensitive to extreme movers
Interquartile range0.96% to 3.45%The central half of the universe
Security dispersion2.30 ptsCross-sectional opportunity and stock-selection risk
News and price confirmation
Does company news confirm the Banks - Diversified tape?
Qualified sentiment coverage for this industry is still building.
Security leadership
The equities driving the result
Weekly leaders and laggards reveal whether the index move is broad, concentrated or vulnerable to reversal.
Leadership
Strongest weekly contributors
Pressure
Weakest weekly contributors
Latest week
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