The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
50
technical evidence
out of 100
out of 100
Financial Services
For the week ending 09 October 2026, Financial Services declined 0.66% with 39 advancing, 52 declining, and 5 unchanged constituents.
- Index level
- 2,339.41 Index points · base 1,000
- Weekly return
- -0.66%
- Measured companies
- 96 97 in the index universe
- Weekly breadth
- 39 up / 52 down 5 unchanged
- Weekly peer rank
- 9 of 11
Universe country-listed · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
156 completed weeks
Financial Services price and trend
Current architecture
Unresolved
1 completed week in this state
Trend acceptance
-1.5%
Index versus Trend Line
Persistence
50%
Positive regime, shorter trend weakening
Participation
41%
39 advancing, 52 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
47
Breadth
43
Persistence
56
Relative
32
Risk quality
93
What supports the view
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The group is not yet delivering dependable relative outperformance.
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 age1 weeks
Trend gateMixed
Fan width1.90%
Fast versus slow change-2.39 pts
Above 17%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-3.5%
26-week
1.6%
39-week
-2.9%
52-week
1.6%
Constituent trend persistence
91% coverage
Is the index move broadly durable?
63%positive
Coherent positive21%
Coherent negative21%
Average horizon agreement79%
Positive horizon share55%
Weakening positives27
Repairing negatives6
87 constituents measured as of 2 Oct 2026. Median trend age is 31 weeks.
Custom stage map
90% coverage
Where constituents sit in the cycle
41%Stage 2
Stage 1 · Basing7%6 securities
Stage 2 · Advancing41%35 securities
Stage 3 · Distribution21%18 securities
Stage 4 · Declining31%27 securities
Re-acceleration watch0
Transition watch7
Relative strength leaders16%
Fair Value repairs3
Measured as of 9 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
80/100 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 DE Market Structure
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed DE Market Structure 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 index126.8
13-week trend129.1
4-week trend change-0.04%
Weekly peer rank9 of 11
1 week
-0.5 pts
relative
4 weeks
-2.8 pts
relative
13 weeks
-1.7 pts
relative
26 weeks
-0.2 pts
relative
52 weeks
-2.5 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
41%
advanced
- Advancing
- 39
- Declining
- 52
- Unchanged
- 5
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility11.3%
Drawdown from 52-week high-5.3%
Positive weeks, last 1338%
Current directional run5 weeks
Turnover versus 13-week norm212%
Breadth impulse-4.3 pts
Cross-section
96 measured
Return distribution
7Below −5%7%
30−5% to −1%31%
32−1% to +1%33%
21+1% to +5%22%
6Above +5%6%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -2.3%
Median -0.5%
Q3 1.5%
Average winner2.7%
Average loser-3.3%
Dispersion4.6 pts
Top-five upside share40%
Top-five capital share43%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
6/9
positive
Above Trend Line4/944% of industries
Constructive breadth4/9At least half advancing
Median industry0.29%2.16 pts dispersion
#1
Advancing
Financial Data & Stock Exchanges
4.61%
Participation100%
vs Trend0.8%
vs Fair Value10.3%
Members5
#2
Advancing
Insurance - Reinsurance
2.24%
Participation100%
vs Trend3.6%
vs Fair Value18.8%
Members3
#3
Transition
Credit Services
1.75%
Participation43%
vs Trend-2.5%
vs Fair Value-11.9%
Members7
#4
Transition
Financial Conglomerates
0.63%
Participation33%
vs Trend-6.7%
vs Fair Value3.2%
Members3
#5
Advancing
Insurance - Diversified
0.29%
Participation70%
vs Trend2.8%
vs Fair Value36.1%
Members10
#6
Advancing
Banks - Diversified
0.07%
Participation64%
vs Trend3.8%
vs Fair Value49.4%
Members11
#7
Weakening
Banks - Regional
-1.86%
Participation11%
vs Trend-1.2%
vs Fair Value33.7%
Members18
#8
Contracting
Asset Management
-2.05%
Participation22%
vs Trend-6.1%
vs Fair Value-2.6%
Members23
#9
Weakening
Capital Markets
-2.40%
Participation36%
vs Trend-7.0%
vs Fair Value5.5%
Members11
Industry participation
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−4.6%Weekly index return · zero at centre+4.6%
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.
Germany · Weekly return relationships
Which markets move together?
Compare sectors and industries within Germany over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.83; 52 weeks).
11 indexes · 55 qualifying pairsClosest: Banks - Regional and Banks - Diversified (0.91; 52 weeks).
81 indexes · 3240 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 9 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.
4 qualified records across 96 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 96 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
12
MUV2
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
GER
62.66B
523.80
0.03 pts
2.99%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.