1. At the beginning of the month, the healthcare index was 134, and the stock ma

1. At the beginning of the month, the healthcare index was 134, and the stock market index was 2100. At the end of the month, the healthcare index was 147, and the stock market index was 2214. Consider the ratio of the healthcare index to the market index at the beginning and end of the month. The healthcare index is __________ the market index, and technical analysts who use relative strength would advise __________ the healthcare index.
2. Suppose Baa-rated bonds currently yield 7.6%, while Aa-rated bonds yield 5.6%. Now suppose that due to an increase in the expected inflation rate, the yields on both bonds increase by 1.5%. What would happen to the confidence index? (Round your answers to 4 decimal places.)
3. The following table contains data on market advances and declines:
Market Advances and Declines
DayAdvances
(in millions)Declines
(in millions)
1911706
2663991
3735794
4522973
55021,021
6981722
71,007610
8908717
9855741
10771771
Required:
a. Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.)
4. The following table contains data on market advances and declines.
Market Advances and Declines
DayAdvances
(in millions)Declines
(in millions)
1919755
27021,018
3739802
4526981
55101,023
6983726
71,018604
8916733
9863739
10779779
Required:
a. If the trading volume in advancing shares on day 1 was 2.4 billion shares, while the volume in declining issues was 2.1 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)