johnnyvento
51 posts
msg #67539
- Ignore johnnyvento |
9/20/2008 1:18:34 PM
like an index, another stock, oil, anything? Seems obvious but the word 'correlate' does not exist in the SF user guide.
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alf44
2,025 posts
msg #67540
- Ignore alf44
modified |
9/20/2008 2:01:57 PM
...you can use "Comparative Relative Strength"...
Comparative Relative Strength
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For Example :
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This simply computes a ratio in the price change of each stock in the NAZ 100 to the price change in the Russel 3000...over the last 30 days !
The Comparative Relative Strength column is sorted in descending order...so that...the BEST price performers (compared to the Russel 3000) rise to the top !
Anything ABOVE 1...shows outperformance on a relative basis...a 1.25 reading (for example) means that particular stock outperformed the Russell 3000 by 25% !!!
Does that help ?
Regards,
alf44
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chetron
2,817 posts
msg #67541
- Ignore chetron
modified |
9/20/2008 2:16:29 PM
z
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johnnyvento
51 posts
msg #67542
- Ignore johnnyvento |
9/20/2008 2:38:49 PM
thanks guys. This could potentially be useful. Is it possible to turn the output number of above and below 1 into a statistic of percentage of time moved in synch with the index? I don't care about over and underperformance which is what this looks like it was intended for.
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