9. Leading Industry Group
When it comes to assessing leading industry groups, there are several approaches one can take, considering that the subdivisions into industry groups can vary depending on the classification system used.
Two widely recognized systems are the North American Industry Classification System (NAICS) provided by
@NAICSCode and the Global Industry Classification Standard (GICS) offered by
@MSCI_Inc and
@SPDJIndices.
Another approach I employ is based on available ETFs that are tradable in the market.