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The Zacks Industry Rank assigns a rating to each of the 255 X (Expanded) Industries based on their average Zacks Rank.
An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 255), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (255 out of 255) would place in the bottom 1%.
The Security Industry, part of the Computer and Technology Sector, is currently ranked in the bottom 30% of industries. Specifically, it is ranked number 178 of 255 industries. Because it is ranked in the bottom half of Zacks Ranked Industries, we expect it to underperform the market over the next 3 to 6 months. Digging a little deeper, the Security has a 11.52% YTD return vs the IVV-S&P 500 21.34% YTD return on a year-to-date basis.
Studies have shown that roughly half of a stock's price movement can be attributed to a stock's industry group. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1. By focusing on the top stocks within the top 50% of Zacks Ranked Industries, you can dramatically improve your stock picking success.
Industry Earnings Trends highlight the number of companies in that industry that have reported, and shows whether they've Beat, Met, or Missed their consensus estimates.
Industries with a higher percentage of companies that have Beat (Positively Surprised) usually means that something good is happening to that group as a whole for so many companies to be positively surprising. And studies have shown that companies that positively surprise have a greater likelihood of positively surprising in the future (or missing if they've recently missed).
For this reason, looking at industries with the highest percentage of Positive Surprises (Beats) can be a great aid in forecasting which industry could have the highest probability of positively surprising in the future.
