Sector rotation
Each sector index against NEPSE, week ending 2026-10-02, with the last 10 weeks as a tail.
Relative rotation graph
Quadrants
| Sector | Quadrant | Rotated this week |
|---|---|---|
| BANKING101.62 / 100.12 | Leading | – |
| LIFEINS100.77 / 100.65 | Leading | – |
| MICROFINANCE100.46 / 100.30 | Leading | – |
| MANUFACTURING100.94 / 99.65 | Weakening | – |
| INVESTMENT99.68 / 99.36 | Lagging | Weakening to Lagging |
| TRADING99.22 / 99.44 | Lagging | – |
| HYDROPOWER98.87 / 99.62 | Lagging | – |
| HOTELS98.62 / 99.24 | Lagging | – |
| DEVBANK98.58 / 99.94 | Lagging | – |
| NONLIFEINS98.86 / 100.98 | Improving | – |
| MUTUALFUND98.80 / 101.01 | Improving | – |
| OTHERS98.77 / 101.00 | Improving | – |
| FINANCE98.56 / 101.06 | Improving | – |
How to read it: right of centre, a sector has been doing better than NEPSE; above centre, that relative trend is picking up. Sectors tend to travel clockwise, from improving to leading to weakening to lagging, though not always and not on a timetable.
How it is worked out: relative strength is the sector index over the NEPSE index. RS-Ratio is 100 plus how many standard deviations the latest relative strength sits from its last 10 weeks. RS-Momentum is 100 plus the same measure taken on the one-week change in RS-Ratio. Each axis is then smoothed with a 3-week exponential average, so a tail shows the drift rather than every wobble. This is the common open approximation; the original RS-Ratio formula is not published. Weeks end on the last session of each trading week, and the current week counts as it stands.