The weight of trend, participation and relative evidence favours capital protection over new exposure.
27
technical evidence
out of 100
out of 100
Aerospace & Defense
For the week ending 09 October 2026, Aerospace & Defense declined 3.68% with 24 advancing, 61 declining, and 0 unchanged constituents.
- Index level
- 1,739.06 Index points · base 1,000
- Weekly return
- -3.68%
- Measured companies
- 85 85 in the index universe
- Weekly breadth
- 24 up / 61 down 0 unchanged
- Weekly peer rank
- 19 of 24
Universe NASDAQ, NYSE · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Industrials →
156 completed weeks
Aerospace & Defense price and trend
Current architecture
Downward Expansion
6 completed weeks in this state
Trend acceptance
-16.9%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
28%
24 advancing, 61 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
Defensive
Five-pillar map
Trend
16
Breadth
33
Persistence
30
Relative
13
Risk quality
59
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 60 percentage points.
- 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 bearishly ordered below the Trend Line with price accepted beneath it.
State age6 weeks
Trend gateDown
Fan width12.85%
Fast versus slow change-2.67 pts
Above 0%
Below 100%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Negative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-16.5%
26-week
-21.1%
39-week
-25.4%
52-week
-17.6%
Constituent trend persistence
80% coverage
Is the index move broadly durable?
44%positive
Coherent positive3%
Coherent negative38%
Average horizon agreement77%
Positive horizon share32%
Weakening positives21
Repairing negatives3
68 constituents measured as of 2 Oct 2026. Median trend age is 19 weeks.
Custom stage map
73% coverage
Where constituents sit in the cycle
71%Stage 4
Stage 1 · Basing2%1 securities
Stage 2 · Advancing11%7 securities
Stage 3 · Distribution16%10 securities
Stage 4 · Declining71%44 securities
Re-acceleration watch1
Transition watch5
Relative strength leaders5%
Fair Value repairs1
Measured as of 9 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
81/100 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 index122.6
13-week trend128.1
4-week trend change-2.32%
Weekly peer rank19 of 24
1 week
-1.5 pts
relative
4 weeks
-1.3 pts
relative
13 weeks
-6.5 pts
relative
26 weeks
-14.8 pts
relative
52 weeks
-12.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
28%
advanced
- Advancing
- 24
- Declining
- 61
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility31.6%
Drawdown from 52-week high-29.1%
Positive weeks, last 1331%
Current directional run2 weeks
Turnover versus 13-week norm99%
Breadth impulse-10.5 pts
Cross-section
85 measured
Return distribution
33Below −5%39%
26−5% to −1%31%
12−1% to +1%14%
11+1% to +5%13%
3Above +5%4%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -7.1%
Median -3.3%
Q3 0.6%
Average winner3.8%
Average loser-6.5%
Dispersion7.6 pts
Top-five upside share77%
Top-five capital share76%
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
−6.5%Weekly index return · zero at centre+6.5%
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 |
|---|---|---|---|---|---|
| 1Specialty Business ServicesIndustrials | 2.12% | 63% | 24 / 14 | 38 | 9 Oct 2026 |
| 2Integrated Freight & LogisticsIndustrials | -0.11% | 46% | 13 / 14 | 28 | 9 Oct 2026 |
| 3Consulting ServicesIndustrials | -0.41% | 65% | 13 / 7 | 20 | 9 Oct 2026 |
| 4Airports & Air ServicesIndustrials | -0.42% | 57% | 4 / 3 | 7 | 9 Oct 2026 |
| 5Metal FabricationIndustrials | -1.05% | 31% | 5 / 10 | 16 | 9 Oct 2026 |
| 6Building Products & EquipmentIndustrials | -1.25% | 41% | 13 / 19 | 32 | 9 Oct 2026 |
| 7Marine ShippingIndustrials | -1.32% | 29% | 10 / 24 | 34 | 9 Oct 2026 |
| 8Specialty Industrial MachineryIndustrials | -1.33% | 32% | 23 / 49 | 72 | 9 Oct 2026 |
| 9Staffing & Employment ServicesIndustrials | -1.33% | 29% | 4 / 10 | 14 | 9 Oct 2026 |
| 10Waste ManagementIndustrials | -1.50% | 53% | 9 / 8 | 17 | 9 Oct 2026 |
| 11Engineering & ConstructionIndustrials | -1.53% | 36% | 17 / 30 | 47 | 9 Oct 2026 |
| 12Business Equipment & SuppliesIndustrials | -1.63% | 20% | 1 / 4 | 5 | 9 Oct 2026 |
| 13AirlinesIndustrials | -1.78% | 24% | 4 / 13 | 17 | 9 Oct 2026 |
| 14TruckingIndustrials | -1.79% | 20% | 3 / 12 | 15 | 9 Oct 2026 |
| 15ConglomeratesIndustrials | -1.98% | 33% | 8 / 16 | 24 | 9 Oct 2026 |
| 16RailroadsIndustrials | -2.40% | 27% | 3 / 8 | 11 | 9 Oct 2026 |
| 17Tools & AccessoriesIndustrials | -2.59% | 0% | 0 / 9 | 9 | 9 Oct 2026 |
| 18Industrial DistributionIndustrials | -2.87% | 17% | 4 / 17 | 23 | 9 Oct 2026 |
| 19Aerospace & DefenseIndustrials | -3.68% | 28% | 24 / 61 | 85 | 9 Oct 2026 |
| 20Rental & Leasing ServicesIndustrials | -3.93% | 22% | 4 / 14 | 18 | 9 Oct 2026 |
| 21Security & Protection ServicesIndustrials | -4.21% | 21% | 4 / 15 | 19 | 9 Oct 2026 |
| 22Pollution & Treatment ControlsIndustrials | -4.28% | 38% | 5 / 8 | 13 | 9 Oct 2026 |
| 23Farm & Heavy Construction MachineryIndustrials | -4.91% | 15% | 4 / 22 | 26 | 9 Oct 2026 |
| 24Electrical Equipment & PartsIndustrials | -6.48% | 12% | 5 / 36 | 41 | 9 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.
Closest: Industrials and Consumer Cyclical (0.86; 52 weeks).
12 indexes · 66 qualifying pairsClosest: Gold and Other Precious Metals & Mining (0.95; 52 weeks).
143 indexes · 10153 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?
51out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Price confirms news3
Price disagrees4
Negative news absorbed2
Positive but stretched3
Evidence quality
51/100 confidence
Coverage before conviction
Qualified companies1416% of measured constituents
Articles1,344100% direct company evidence
Publishers282Independent sources represented
Latest evidence16 OctFreshness is weighted in the score
Constructive 50%Balanced 21%Cautious 29%
Constructive edge
Strongest qualified tone
ELMT42/100 confidence · 45 direct
64
Elmet Group (ELMT) Stock Sees Fair Value Lift After Analyst Backing For Growth Projects
RTX50/100 confidence · 142 direct 62NVIDIA RTX Spark PCs Available Today — A New Beginning for Windows PCs
PKE48/100 confidence · 43 direct 62Park Aerospace: Two Growth Juggernauts, One Big Problem (NYSE:PKE)
BA47/100 confidence · 295 direct 58Here's How To Trade Boeing As Shares Struggle To Gain Lift
LHX46/100 confidence · 97 direct 58L3Harris Awarded Solid Rocket Motor Contract with Record Production
Narrative risk
Weakest qualified tone
AVEX72/100 confidence · 52 direct
29
Aevex Investors Focus on 2027 Revenue Outlook, RBC Says
HONA73/100 confidence · 94 direct 33Honeywell Aerospace’s (HONA) Valuation Tells Only Part of the Story for Jim Cramer
YSS59/100 confidence · 65 direct 35Top York Space Systems (YSS) Competitors 2026
BYRN48/100 confidence · 26 direct 37Byrna Technologies Inc (BYRN) (Q3 2026) Earnings Call Highlights: Revenue Plunges 46% as Ne…
RKLB55/100 confidence · 138 direct 52Rocket Lab Lost Nearly 9% in Two Days as Space Stocks Slid. Here’s What SpaceX’s Spectrum M…
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.
Constituent ledger
Industry constituents
All 85 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.