This week, the Healthcare sector moves to the top of Sabrient’s SectorCast rankings, making for a “healthy” change. A back-tested, fundamentals-based quantitative model, SectorCast is quite useful for identifying the best (most undervalued) and worst (most overvalued) sectors, with a one-month forward look. This week, I’m making one final change to how I’m incorporating the model into Sector Detector.
Last week's Sector Detector post debuted a new ranking system by Sabrient Systems that is calculated using fundamentals research on exchange-traded funds rather than the usual price momentum that most other indexes are based on.
