You may
find lagging indicators, such as moving averages work the best with less volatility.
Not exact matches
[That claim itself, of course, is wildly at odds with the statistical record, as confirmed by Unifor's recent report. We compiled historical data on 16 conventional economic
indicators going back to 1946, and
found that Canada's economy performed worse under Harper's leadership than any other postwar Prime Minister — and
lagged most OECD countries during Harper's tenure, as well.
What we always about is some lead /
lag indicators (which may a very simple one like TTM / current P / E or a very complex model) and then we theorise based upon the model which we use and that there are enough empirical studies done on the same thing which help you to come to a reasonable conclusion about the
findings of your theory / hypothesis.
Being a weekly growth index, it provides data with at most a 1 - week
lag, which is far more timely than the
lag found on monthly economic
indicators.
I've
found, however, the SOI consistently
lags a little behind the Nino region temperatures and the Trade Wind measures so I believe it is more a result of the overall climate pattern rather than a leading
indicator.