StockFetcher Forums · Filter Exchange · Is there a way to correlate a stock to anything?<< >>Post Follow-up
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.

2,025 posts
msg #67540
Ignore alf44
9/20/2008 2:01:57 PM can use "Comparative Relative Strength"...

Comparative Relative Strength


For Example :

Fetcher[/* NASDAQ 100 Comparative Relative Strength Rank vs. Russell 3000 Index */

set{RelStrRank, Comparative Relative Strength(^RUA, 30)}

Show all stocks where Market is NASDAQ 100

draw EMA(10)
draw EMA(30)
draw EMA(150)

add column RelStrRank

sort column 5 descending


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 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 ?



2,817 posts
msg #67541
Ignore chetron
9/20/2008 2:16:29 PM


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.

StockFetcher Forums · Filter Exchange · Is there a way to correlate a stock to anything?<< >>Post Follow-up

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