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Industry Relative Strength

by QuantShare, 2049 days ago
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The Industry relative strength trading system is a basic trading system that shows you how to create a strategy by comparing a stock performance with its industry performance.

The strategy uses the "IndustryIndex" custom function (It can be downloaded here: Industry Index Name) to get the ticker symbol of the analyzed stock's industry. It then gets industry time series, calculates one month performance and compares it to the one month performance of each stock. A buy entry is initiated when the stock outperfom its industry.

A ranking system was added to this strategy so that only the top 20 stocks that are outperforming their industries are bought. Positions are sold after one month using a 25-bar stop.

Industry data can be downloaded by using the following item: Industry Market Data. This item downloads historical quotes for more than 90 industries.

More info on this strategy can be found in the following blog post:
Industry Analysis - How to Compare Stocks with their Industries


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Type: Trading System

Object ID: 1217


Country:
All

Market: Stock Market

Style:
Fundamental Analysis

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Technical Analysis


Fundamental Analysis



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