🇺🇸 United States · Industry Week Ending: 9 October 2026

Mortgage Finance

For the week ending 09 October 2026, Mortgage Finance declined 6.98% with 2 advancing, 9 declining, and 0 unchanged constituents.

Index level
372.30
Index points · base 1,000
Weekly return
-6.98%
Measured companies
11
11 in the index universe
Weekly breadth
2 up / 9 down
0 unchanged
Weekly peer rank
15 of 15
Universe NASDAQ, NYSE · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Financial Services →

156 completed weeks

Mortgage Finance price and trend

Current architecture Downward Expansion 13 completed weeks in this state
Trend acceptance -30.2% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 18% 2 advancing, 9 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.

Current posture Defensive posture

The weight of trend, participation and relative evidence favours capital protection over new exposure.

22 technical evidence
out of 100
Evidence balance

Five-pillar map

Defensive
Trend
14
Breadth
23
Persistence
0
Relative
50
Risk quality
47
What supports the view
  • No major confirming factor has secured control.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 100 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay News tone cautions

Qualified company news remains cautious and does not confirm the technical read.

Evidence that would change the view
  1. A completed weekly reclaim of 691.22, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

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.

Index architecture Downward Expansion

The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.

State age13 weeks
Trend gateDown
Fan width25.35%
Fast versus slow change-8.42 pts
Above 0% Below 83%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-30.9%
26-week
-39.1%
39-week
-53.6%
52-week
-52.9%
Regime age19 weeks 52-week flips5 52-week boundary790.30
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative91%
Average horizon agreement98%
Positive horizon share2%
Weakening positives0
Repairing negatives0

11 constituents measured as of 2 Oct 2026. Median trend age is 18 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining100%11 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders0% Fair Value repairs0

Measured as of 9 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

86/100 mean confidence
Upward expansion
0% 0
Rotation up
0% 0
Deceleration
0% 0
Balance
9% 1
Rotation down
0% 0
Downward expansion
91% 10
Unresolved
0% 0

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 Financial Services

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

The relative index starts at 100. Above 100 means this group has outperformed Financial Services 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 index37.5
13-week trend45.1
4-week trend change-9.18%
Weekly peer rank15 of 15
1 week
-6.1 pts relative
4 weeks
-15.1 pts relative
13 weeks
-27.6 pts relative
26 weeks
-41.6 pts relative
52 weeks
-56.7 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
2
Declining
9
Unchanged
0
4-week average 14%
13-week average 29%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility32.3%
Drawdown from 52-week high-57.1%
Positive weeks, last 1323%
Current directional run5 weeks
Turnover versus 13-week norm101%
Breadth impulse-11.4 pts
Cross-section

Return distribution

11 measured

Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.

Q1 -12.8% Median -3.4% Q3 -2.2%
Average winner1.0%
Average loser-8.8%
Dispersion6.6 pts
Top-five upside share100%
Top-five capital share98%
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

Mixed beneath declinesBroad gainsBroad declinesNarrow gains 123456789101112131415

−7.0%Weekly index return · zero at centre+7.0%

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 / IndustryWeekly returnAdvancing shareUp / downCompaniesWeek ending
1Financial Data & Stock ExchangesFinancial Services3.57%77%10 / 3139 Oct 2026
2Insurance - Property & CasualtyFinancial Services2.63%73%33 / 12459 Oct 2026
3Credit ServicesFinancial Services2.13%71%37 / 15529 Oct 2026
4Insurance - DiversifiedFinancial Services1.62%71%10 / 4149 Oct 2026
5Insurance - SpecialtyFinancial Services1.56%76%13 / 4179 Oct 2026
6Insurance BrokersFinancial Services-0.17%71%15 / 6219 Oct 2026
7Shell CompaniesFinancial Services-0.27%33%76 / 1002319 Oct 2026
8Insurance - ReinsuranceFinancial Services-0.92%75%6 / 289 Oct 2026
9Banks - DiversifiedFinancial Services-1.10%33%6 / 12189 Oct 2026
10Insurance - LifeFinancial Services-1.26%32%6 / 13199 Oct 2026
11Banks - RegionalFinancial Services-1.58%14%43 / 2713169 Oct 2026
12Asset ManagementFinancial Services-1.92%34%48 / 931439 Oct 2026
13Financial ConglomeratesFinancial Services-2.20%29%2 / 579 Oct 2026
14Capital MarketsFinancial Services-3.20%33%27 / 54829 Oct 2026
15Mortgage FinanceFinancial Services-6.98%18%2 / 9119 Oct 2026

United States · Weekly return relationships

Which markets move together?

Compare sectors and industries within United States over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.

Sectors · average pair correlation0.44

Closest: Industrials and Consumer Cyclical (0.86; 52 weeks).

12 indexes · 66 qualifying pairs
Industries · average pair correlation0.30

Closest: Gold and Other Precious Metals & Mining (0.95; 52 weeks).

143 indexes · 10153 qualifying pairs

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?

Open Sentiment Intelligence
Qualified weighted tone

Mostly negative

Negative company-news scores are spread across much of the measured market.

Price confirms news2
Price disagrees0
Negative news absorbed1
Positive but stretched0
Evidence quality

Coverage before conviction

50/100 confidence
Qualified companies327% of measured constituents
Articles134100% direct company evidence
Publishers33Independent sources represented
Latest evidence12 OctFreshness is weighted in the score
Constructive 0%Balanced 0%Cautious 100%

Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 CNFCNFinance Holdings Ltd
1.04% 2 VELVelocity Financial Llc
0.96% 3 RKTRocket Companies Inc
-1.88% 4 ONITOnity Group Inc.
-2.42% 5 WDWalker & Dunlop Inc
-2.83%

Weakest edge

11 BLNEBeeline Holdings, Inc.
-17.88% 10 BETRBetter Home & Finance Holding Company
-16.37% 9 UWMCUWM Holdings Corp
-14.29% 8 LDILoandepot Inc
-11.41% 7 GHIGreystone Housing Impact Investors LP
-8.32%

Constituent ledger

Industry constituents

All 11 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 CNF CNFinance Holdings Ltd NYSE 29.33M 1.95 0.09 pts
1.04%
2 VEL Velocity Financial Llc NYSE 715.40M 14.73 0.09 pts
0.96%
3 RKT Rocket Companies Inc NYSE 39.10B 11.48 -0.17 pts
-1.88%
4 ONIT Onity Group Inc. NYSE 291.24M 26.60 -0.22 pts
-2.42%
5 WD Walker & Dunlop Inc NYSE 1.44B 33.01 -0.26 pts
-2.83%
6 PFSI PennyMac Finl Svcs Inc NYSE 3.74B 59.90 -0.31 pts
-3.39%
7 GHI Greystone Housing Impact Investors LP NYSE 140.43M 5.07 -0.76 pts
-8.32%
8 LDI Loandepot Inc NYSE 279.35M 0.5628 -1.04 pts
-11.41%
9 UWMC UWM Holdings Corp NYSE 2.23B 1.08 -1.30 pts
-14.29%
10 BETR Better Home & Finance Holding Company NASDAQ 258.38M 9.86 -1.49 pts
-16.37%
11 BLNE Beeline Holdings, Inc. NASDAQ 33.59M 0.709 -1.63 pts
-17.88%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context