The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
54
technical evidence
out of 100
out of 100
Infrastructure Operations
For the week ending 02 October 2026, Infrastructure Operations advanced 0.66% with 19 advancing, 4 declining, and 0 unchanged constituents.
- Index level
- 1,614.82 Index points · base 1,000
- Weekly return
- 0.66%
- Measured companies
- 23 23 in the index universe
- Weekly breadth
- 19 up / 4 down 0 unchanged
- Weekly peer rank
- 4 of 24
Universe country-listed · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Industrials →
156 completed weeks
Infrastructure Operations price and trend
Current architecture
Unresolved
10 completed weeks in this state
Trend acceptance
-3.2%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
83%
19 advancing, 4 declining
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Weekly index closes and the Trend Line. Dashed grey shows the latest Fair Value reference; it is not a historical forecast. Enable the other overlays for more detail.
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
37
Breadth
65
Persistence
39
Relative
69
Risk quality
88
What supports the view
- Participation is broad enough to support the index move.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- The current 13-week parent-relative trend is weakening.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 45 percentage points.
This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.
Trend state and durability
Architecture, persistence and constituent regimes
The index path is tested against the underlying security-level trend evidence.
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
State age10 weeks
Trend gateDown
Fan width1.28%
Fast versus slow change0.61 pts
Above 0%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
1.7%
26-week
-6.3%
39-week
-9.5%
52-week
-5.4%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
41%positive
Coherent positive9%
Coherent negative23%
Average horizon agreement76%
Positive horizon share40%
Weakening positives4
Repairing negatives8
22 constituents measured as of 2 Oct 2026. Median trend age is 18 weeks.
Custom stage map
96% coverage
Where constituents sit in the cycle
59%Stage 4
Stage 1 · Basing18%4 securities
Stage 2 · Advancing14%3 securities
Stage 3 · Distribution9%2 securities
Stage 4 · Declining59%13 securities
Re-acceleration watch0
Transition watch9
Relative strength leaders55%
Fair Value repairs2
Measured as of 2 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
69/100 mean confidence
How market energy is distributed
Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.
Capital rotation
Performance relative to Industrials
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed Industrials since the first plotted date; below 100 means it has lagged. A rising line can show relative improvement even when both markets are falling.
Relative index89.5
13-week trend90.0
4-week trend change1.61%
Weekly peer rank4 of 24
1 week
2.7 pts
relative
4 weeks
0.4 pts
relative
13 weeks
8.0 pts
relative
26 weeks
-1.7 pts
relative
52 weeks
-4.8 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
83%
advanced
- Advancing
- 19
- Declining
- 4
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility13.0%
Drawdown from 52-week high-13.5%
Positive weeks, last 1331%
Current directional run1 week
Turnover versus 13-week norm115%
Breadth impulse39.1 pts
Cross-section
23 measured
Return distribution
0Below −5%0%
2−5% to −1%9%
8−1% to +1%35%
13+1% to +5%57%
0Above +5%0%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 0.5%
Median 1.1%
Q3 1.3%
Average winner1.1%
Average loser-1.5%
Dispersion1.3 pts
Top-five upside share41%
Top-five capital share60%
Capital data coverage100%
Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.
Momentum cycle
30-week price change
Index price change over 30 weeks, or the available history if shorter. Green above zero; red below.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
Within the same sector
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−3.5%Weekly index return · zero at centre+3.5%
Compare return with participationHover or focus a marker for the full reading. Select it to open the report.
Markers show weekly return rank. Hover or focus for the name. Fine lines connect separated markers to their actual positions. Up, down and unchanged companies all count in participation.
| Rank / Industry | Weekly return | Advancing share | Up / down | Companies | Week ending |
|---|---|---|---|---|---|
| 1Industrial DistributionIndustrials | 2.10% | 100% | 4 / 0 | 4 | 2 Oct 2026 |
| 2AirlinesIndustrials | 1.25% | 89% | 8 / 0 | 9 | 2 Oct 2026 |
| 3Rental & Leasing ServicesIndustrials | 0.82% | 67% | 2 / 1 | 3 | 2 Oct 2026 |
| 4Infrastructure OperationsIndustrials | 0.66% | 83% | 19 / 4 | 23 | 2 Oct 2026 |
| 5Marine ShippingIndustrials | 0.24% | 61% | 22 / 12 | 36 | 2 Oct 2026 |
| 6Security & Protection ServicesIndustrials | -0.52% | 36% | 8 / 13 | 22 | 2 Oct 2026 |
| 7Airports & Air ServicesIndustrials | -0.59% | 60% | 3 / 2 | 5 | 2 Oct 2026 |
| 8Engineering & ConstructionIndustrials | -0.64% | 53% | 77 / 67 | 144 | 2 Oct 2026 |
| 9Integrated Freight & LogisticsIndustrials | -0.67% | 38% | 13 / 21 | 34 | 2 Oct 2026 |
| 10RailroadsIndustrials | -0.85% | 46% | 18 / 18 | 39 | 2 Oct 2026 |
| 11Farm & Heavy Construction MachineryIndustrials | -0.92% | 41% | 19 / 27 | 46 | 2 Oct 2026 |
| 12TruckingIndustrials | -1.39% | 29% | 2 / 5 | 7 | 2 Oct 2026 |
| 13Business Equipment & SuppliesIndustrials | -1.56% | 24% | 5 / 15 | 21 | 2 Oct 2026 |
| 14Building Products & EquipmentIndustrials | -1.60% | 48% | 21 / 23 | 44 | 2 Oct 2026 |
| 15Specialty Business ServicesIndustrials | -1.70% | 30% | 8 / 19 | 27 | 2 Oct 2026 |
| 16Consulting ServicesIndustrials | -1.76% | 25% | 1 / 3 | 4 | 2 Oct 2026 |
| 17Waste ManagementIndustrials | -1.84% | 38% | 20 / 32 | 53 | 2 Oct 2026 |
| 18ConglomeratesIndustrials | -1.98% | 29% | 11 / 25 | 38 | 2 Oct 2026 |
| 19Electrical Equipment & PartsIndustrials | -2.35% | 27% | 75 / 201 | 279 | 2 Oct 2026 |
| 20Aerospace & DefenseIndustrials | -2.57% | 16% | 10 / 51 | 62 | 2 Oct 2026 |
| 21Pollution & Treatment ControlsIndustrials | -2.58% | 20% | 6 / 22 | 30 | 2 Oct 2026 |
| 22Specialty Industrial MachineryIndustrials | -2.73% | 23% | 96 / 317 | 420 | 2 Oct 2026 |
| 23Metal FabricationIndustrials | -3.09% | 24% | 20 / 61 | 82 | 2 Oct 2026 |
| 24Tools & AccessoriesIndustrials | -3.52% | 15% | 6 / 35 | 41 | 2 Oct 2026 |
China · Weekly return relationships
Which markets move together?
Compare sectors and industries within China over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.93; 51 weeks).
11 indexes · 55 qualifying pairsClosest: Specialty Industrial Machinery and Metal Fabrication (0.98; 51 weeks).
113 indexes · 6328 qualifying pairs−1 · Opposite0 · No linear link+1 · Together
Read the market at the top against the market at the left. The diagonal compares each index with itself. Up to 10 indexes are shown, ordered by constituent coverage. Select a cell to inspect a pair, or use the selectors for other markets.
Closest to the reference
Pearson correlation of weekly percentage returns through 2 Oct 2026: +1 means moving together, 0 little linear relationship, −1 moving in opposite directions. Requires 39 matching observations for the 52-week comparison and 10 for the recent 13 weeks. Missing weeks are excluded, not filled with zero. Constant series have no defined correlation. These are local-currency, capped equal-weight indexes; sectors and their component industries overlap. A lower correlation does not establish a hedge.
Sector correlations compare broad business groups. Industry correlations reveal closer links within and across sectors. The selectors retain all qualified groups; the matrix shows the ten largest by company coverage.
News and narrative
Does company news confirm the market tape?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 23 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 23 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
3
001965
China Merchants Expressway Network & Technology Holdings Co.,Ltd.
SHZ
67.41B
10.05
0.07 pts
1.72%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.