Top Driving Factors as of 2021-07-27

On TS Terminal we continuously disentangle the driving forces between the time series and update the network of causal relationships. Below are systematically important driving factors as of 2021-07-27.

TL;DR: Energy, pharmaceuticals are the central theme

For 1 day ahead forecast, the top driving factors are

1. IDEXX Laboratories, Inc.

2. Current Account of Switzerland

3. Real Gross Domestic Product for United Kingdom

4. Occidental Petroleum

5. 12-month Libor interest rate on USD

Collectively, they are predictive of

1. Total construction for the Euro Area

2. Amgen

3. iShares MSCI France ETF

4. Accenture

5. Pfizer

6. M3 Money Supply for the Euro Area

7. PepsiCo, Inc.

8. Thermo Fisher Scientific

9. USD/KRW

10. The Travelers Companies

For 15 day ahead forecast horizon, the top driving factors are

1. M3 Money Supply for the United States

2. US 10-Year Real Interest Rate (from the TIPS Bonds)

3. Emerging Market Bonds ETF

4. Intel

5. Alexion

Collectively, they are predictive of

1. ConocoPhilips

2. Occidental Petroleum

3. Broadcom

4. Micron Technology

5. iShares TIPS Bond ETF

6. iShares MSCI Hong Kong ETF

7. Monster Beverage Corporation

8. iShares Russell 2000 ETF

9. iShares iBoxx $ High Yield Corporate Bond ETF

10. PACCAR Inc.