Click here to Login








ADS Business Conditions Index

by Patrick Fonce, 5326 days ago
Share |






The Aruoba-Diebold-Scotti (ADS) business conditions index is a market indicator that uses several economic indicators to track business conditions. The indicator is updated each time one of these economic indicators is released.

The indictors used to construct the ADS Index are:
Personal income less transfer payments
Industrial Production
Manufacturing and trade sales
Weekly Initial Jobless Claims (You can download this data using Initial Jobless Claims - Historical data)
Monthly Payroll Employment
Quarterly Real GDP

There is one indicator released weekly, four released monthly and one released quarterly. The ADS Index uses the annualized growth rates of these economic indicators, except for the Weekly Initial Jobless Claims.

The reference ADS value is zero. Values higher than zero indicate that business conditions are better than average. Values lower than zero indicate that business conditions are worse than average.
The higher the ADS value is the better the conditions are, and of course, the lower the ADS value is the worse the conditions are. Comparing the ADS index value with a previous value let you determine whether business conditions are better or worse than the condition in that previous period.

The downloaded file size is higher than 30Mb and it is available only in EXCEL format. A script is used to extract the most recent time-series from the excel spreadsheet and to associate the data with the following ticker symbol: ^ADS_Index

Here are some items that let you download economic indicators data:
Historical Jobless Rate
Producer Price Index - PPI
M2 money supply
Industrial Production Index - IPI - Historical data
Initial Jobless Claims - Historical data
Real Gross Domestic Product - Historical data
Consumer Price Index - Historical data


Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Download Script

Object ID: 404


Country:
United States

Market: Economic

Style:
Fundamental Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Technical Analysis Using Multiple Timeframes

Short Index - Part 2

Short Index - Part 1

Trend Following and Moving Averages

Put-Call Ratio for Individual Stocks

Historical Market Data

What's new in this trading software?

Historical volatility estimators

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.