JIm_in_england
 Member
 Posts: 44
Joined: 6/16/2007
Location: Devon UK
User Profile |
My understanding is the calculation is simply the average price of the security divided by the average price of the base symbol over the defined number of periods.
I see that in the "settings" there is an option to set units as either "price" or "return". What is return?
Given that the calculation returns an absolute result it is of no value in comparing the indicator across securities to establish which securities are performing best in say a sector. Is there any way of returning a relative value for the indicator where 1 = tracking the base symbol - >1 means outperforming the base symbol and <1 means underperforming the base symbol?
|