MMFI for Automobile is an integral index created by MacroMicro for car market fundamentals. When it goes up, it means the fundamentals of the car market is looking good.
Components of car MMFI are China Commercial Vehicle Sales, EU New Passenger Car Registration, US Optimus Prime Index. Weight of each component might be adjusted according to the latest car market conditions.
Global Automobile Stock Index is also created by MacroMicro with top 15 automobile stocks in 2000 across the world.
Weight of country under Automobile MMFI:
1. USA (26.67%)
2. Japan (26.67%)
3. Germany (20%)
4. South Korea (13.33%)
5. France (13.33%)
MM Global Automobile Fundamental Index (L)2021-0524.93
Global Automobile Stock Index (R)2021-03-19771.72