The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
58
technical evidence
out of 100
out of 100
Railroads
For the week ending 02 October 2026, Railroads declined 1.18% with 2 advancing, 4 declining, and 0 unchanged constituents.
- Index level
- 7,371.65 Index points · base 1,000
- Weekly return
- -1.18%
- Measured companies
- 6 6 in the index universe
- Weekly breadth
- 2 up / 4 down 0 unchanged
- Weekly peer rank
- 5 of 22
Universe country-listed · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Industrials →
156 completed weeks
Railroads price and trend
Current architecture
Upward Expansion
5 completed weeks in this state
Trend acceptance
8.3%
Index versus Trend Line
Persistence
75%
Negative regime, horizons divided
Participation
33%
2 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
78
Breadth
36
Persistence
37
Relative
70
Risk quality
81
What supports the view
- The index remains above a constructive Trend gate.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- Positive contribution is concentrated in a small leadership cohort.
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 fan is positively ordered above a rising Trend Line with price accepted above it.
State age5 weeks
Trend gateUp
Fan width4.76%
Fast versus slow change0.67 pts
Above 83%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-0.1%
26-week
28.6%
39-week
-2.7%
52-week
-7.1%
Constituent trend persistence
83% coverage
Is the index move broadly durable?
20%positive
Coherent positive20%
Coherent negative20%
Average horizon agreement80%
Positive horizon share40%
Weakening positives0
Repairing negatives1
5 constituents measured as of 2 Oct 2026. Median trend age is 7 weeks.
Custom stage map
83% coverage
Where constituents sit in the cycle
40%Stage 1
Stage 1 · Basing40%2 securities
Stage 2 · Advancing20%1 securities
Stage 3 · Distribution20%1 securities
Stage 4 · Declining20%1 securities
Re-acceleration watch0
Transition watch1
Relative strength leaders40%
Fair Value repairs1
Measured as of 2 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
74/100 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 index70.4
13-week trend67.3
4-week trend change1.14%
Weekly peer rank5 of 22
1 week
1.1 pts
relative
4 weeks
3.2 pts
relative
13 weeks
2.5 pts
relative
26 weeks
7.3 pts
relative
52 weeks
-3.5 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
33%
advanced
- Advancing
- 2
- Declining
- 4
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility29.5%
Drawdown from 52-week high-6.3%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm418%
Breadth impulse-6.4 pts
Cross-section
6 measured
Return distribution
0Below −5%0%
4−5% to −1%67%
1−1% to +1%17%
1+1% to +5%17%
0Above +5%0%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -2.7%
Median -1.7%
Q3 0.4%
Average winner1.7%
Average loser-2.6%
Dispersion2.3 pts
Top-five upside share100%
Top-five capital share99%
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
−6.0%Weekly index return · zero at centre+6.0%
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 |
|---|---|---|---|---|---|
| 1Aerospace & DefenseIndustrials | -0.42% | 31% | 5 / 11 | 16 | 2 Oct 2026 |
| 2Marine ShippingIndustrials | -0.50% | 45% | 5 / 6 | 11 | 2 Oct 2026 |
| 3Metal FabricationIndustrials | -0.68% | 30% | 9 / 21 | 30 | 2 Oct 2026 |
| 4Staffing & Employment ServicesIndustrials | -0.80% | 50% | 2 / 2 | 4 | 2 Oct 2026 |
| 5RailroadsIndustrials | -1.18% | 33% | 2 / 4 | 6 | 2 Oct 2026 |
| 6Industrial DistributionIndustrials | -1.23% | 60% | 3 / 2 | 5 | 2 Oct 2026 |
| 7Specialty Business ServicesIndustrials | -1.44% | 35% | 7 / 13 | 20 | 2 Oct 2026 |
| 8Specialty Industrial MachineryIndustrials | -1.66% | 32% | 24 / 51 | 75 | 2 Oct 2026 |
| 9Farm & Heavy Construction MachineryIndustrials | -2.04% | 11% | 2 / 15 | 18 | 2 Oct 2026 |
| 10Electrical Equipment & PartsIndustrials | -2.09% | 22% | 13 / 45 | 60 | 2 Oct 2026 |
| 11Infrastructure OperationsIndustrials | -2.58% | 15% | 2 / 11 | 13 | 2 Oct 2026 |
| 12Tools & AccessoriesIndustrials | -2.60% | 27% | 3 / 8 | 11 | 2 Oct 2026 |
| 13Engineering & ConstructionIndustrials | -2.71% | 16% | 16 / 82 | 99 | 2 Oct 2026 |
| 14ConglomeratesIndustrials | -3.00% | 16% | 5 / 26 | 31 | 2 Oct 2026 |
| 15Consulting ServicesIndustrials | -3.08% | 33% | 1 / 2 | 3 | 2 Oct 2026 |
| 16Integrated Freight & LogisticsIndustrials | -3.13% | 14% | 4 / 25 | 29 | 2 Oct 2026 |
| 17Airports & Air ServicesIndustrials | -3.33% | 0% | 0 / 3 | 3 | 2 Oct 2026 |
| 18Building Products & EquipmentIndustrials | -3.41% | 15% | 6 / 33 | 39 | 2 Oct 2026 |
| 19Waste ManagementIndustrials | -3.54% | 17% | 1 / 5 | 6 | 2 Oct 2026 |
| 20TruckingIndustrials | -4.23% | 0% | 0 / 4 | 4 | 2 Oct 2026 |
| 21Business Equipment & SuppliesIndustrials | -4.41% | 33% | 2 / 4 | 6 | 2 Oct 2026 |
| 22Rental & Leasing ServicesIndustrials | -6.01% | 0% | 0 / 4 | 4 | 2 Oct 2026 |
India · Weekly return relationships
Which markets move together?
Compare sectors and industries within India over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Basic Materials (0.97; 52 weeks).
11 indexes · 55 qualifying pairsClosest: Engineering & Construction and Specialty Industrial Machinery (0.94; 52 weeks).
103 indexes · 5253 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 6 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 6 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.