NVT Signal 60 compares Market Cap with the 60-day average of adjusted transfer volume. Smoothing the denominator over roughly two months reduces short bursts and temporary distortions while keeping the metric responsive enough to track medium-range shifts in valuation relative to transfer activity.
A high reading means market value is elevated relative to the recent two-month adjusted transfer base. A lower reading means activity is stronger relative to valuation. It is often the middle-range series in the family, sitting between the faster 30-day signal and the slower 90-day version.
The key limitation is timing. This window is cleaner than the 30-day signal but later, and it still moves earlier than the 90-day series. Any interpretation depends on that trade-off between responsiveness and stability rather than on a separate change in underlying methodology.
Read full methodology