Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Coincident Index. climbed to 108.2 in November 2013
FMPMonthlyReleased November 2013
Japan Coincident Index. climbed to 108.2 in November 2013, up 0.6 from October's 107.6 reading. The reading matched the 108.3 consensus.
Latest Release
108.2
Actual
108.3
Consensus
107.6
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Coincident Index. (Japan) was reported at 108.20 in November 2013. This missed the market consensus of 108.30 by 0.10. The reading rose from the previous value of 107.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
SHARE
Coincident Index. - JP
Loading chart data...
About Coincident Index. — Japan
DEFINITION
The Coincident Index is a widely used financial indicator that measures the current economic conditions of a country. It takes into account various factors such as employment, industrial production, and personal income to provide a comprehensive snapshot of the overall economic health. This index is a valuable tool for investors, policymakers, and businesses to make informed decisions and assess the current state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2013): actual 108.2, consensus 108.3.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.