Market Barometer: 31 out of 100
The market climate in the edgio universe is cautious on 23 Oct 2026 (31 out of 100). Basis: 416 of 416 titles with a valid state.
Band limits: Cautious 0 to 39, Mixed 40 to 64, Favorable 65 to 100. The exact value always sits next to it.
- Breadth5 % favorable20 favorable, 193 mixed, 203 cautious
- VolatilityelevatedChange over 5 trading days: -2.7 %
- CreditcautiousTrend of regional high-yield bond ETFs.
As of: 23 Oct 2026 Description, not investment advice. Disclaimer
Sectors
States of the titles per sector in the edgio universe, sorted by the share of favorable titles.
- Energy13 titles
- Consumer Defensive23 titles
- Healthcare44 titles
- Financial Services58 titles
- Basic Materials24 titles
- Technology67 titles
- Communication Services19 titles
- Consumer Cyclical44 titles
- Diversified21 titles
- Industrials73 titles
- Real Estate11 titles
- Utilities13 titles
How the market climate comes about
- 01Breadth
Breadth: share of titles in the Favorable state plus half the share in the Mixed state, in percent, based on titles with a valid state. Breadth only counts if at least 95 % of the universe have a valid state.
- 02Volatility
Volatility: the market volatility measure (VIX), scaled linearly. At 12 and below this gives 100, at 35 and above it gives 0.
- 03Credit
Credit: state of the ETF-based credit signal. Favorable gives 100, neutral 50, cautious 0.
All rules in detail
Market climate = round of (50 % breadth + 25 % volatility + 25 % credit), result from 0 to 100. The market climate is a descriptive convention, not a forecast measure and not a forecasting tool. It is not a trading instruction.
Band limits: Cautious 0 to 39, Mixed 40 to 64, Favorable 65 to 100. The exact value always sits next to it. The band limits of the market climate (65 and 40) are not the state limits of a single title (70 and 40).
If a component is missing, the market climate cannot be computed. Nothing is reweighted and nothing is substituted. If the record is older than two trading days, the number is not shown.
Worked example with invented numbers
An invented day: 30 % of titles favorable, 40 % mixed, 30 % cautious give a breadth of 30 + 20 = 50. The volatility component has a sub-score of 65 (scale 0 to 100). Credit is neutral and gives 50. Market climate = round of (0.50 x 50 + 0.25 x 65 + 0.25 x 50) = round of 53.75 = 54, band Mixed. The numbers serve only as an explanation.
Only days of the same calculation version are compared.
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Questions about the Market Barometer
What does the Market Barometer show?
The market climate in the edgio universe in one number, updated on every trading day, with the previous day's data. A description of the state of the edgio universe, not investment advice and not a statement about future developments.
How is the market climate calculated?
Market climate = round of (50 % breadth + 25 % volatility + 25 % credit), result from 0 to 100. Breadth: share of titles in the Favorable state plus half the share in the Mixed state, in percent, based on titles with a valid state. Breadth only counts if at least 95 % of the universe have a valid state. Volatility: the market volatility measure (VIX), scaled linearly. At 12 and below this gives 100, at 35 and above it gives 0. Credit: state of the ETF-based credit signal. Favorable gives 100, neutral 50, cautious 0.
What do Cautious, Mixed and Favorable mean?
Band limits: Cautious 0 to 39, Mixed 40 to 64, Favorable 65 to 100. The exact value always sits next to it. The band limits of the market climate (65 and 40) are not the state limits of a single title (70 and 40).
Is this a forecast?
The market climate is a descriptive convention, not a forecast measure and not a forecasting tool. It is not a trading instruction.
Why is there sometimes no number?
If a component is missing, the market climate cannot be computed. Nothing is reweighted and nothing is substituted. If the record is older than two trading days, the number is not shown.
Notes
A description of the state of the edgio universe, not investment advice and not a statement about future developments.
The values are computed algorithmically from public market data (closing prices, VIX, credit risk premiums). Disclaimer