| Relative Looks |
|
800-347-0157 |
| Relative Looks |
|
800-347-0157 |
This volume compares various pairs of series by dividing one by the other. For example, the Russell 2000 / Russell 1000 ratio divides the Russell 2000 index by the Russell 1000 index. When the numerator (Russell 2000 in this example) is outperforming the denominator (Russell 1000 in this example), the line is rising. Conversely, when the line is falling, the Russell 1000 is outperforming the Russell 2000. Note that outperforming can mean either falling less quickly or rising faster.
Dow
Jones Industrials / Gold Price Ratio, weekly, 1885
Dow Jones
Industrials / Moody's Aaa Bond Price Ratio, weekly, 1885
Gold
Price / Moody's Aaa Bond Price Ratio, weekly, 1875
Nikkei
225 (in US$) / Dow Jones Industrials Ratio, daily, 1965
NASDAQ
Composite / S&P 500 Ratio, daily, 1963
Russell
2000 / Russell 1000 Ratio, daily, 1980
S&P
400 MidCap / S&P 500 Ratio, daily, 1981
NYSE
Financials / NYSE Composite Ratio, daily, 1965
DJ Energy
Sector / DJ Industrial Sector Ratio, daily, 6/30/82
DJ
Technology Sector / DJ Basic Materials Sector Ratio, daily,
6/30/82
DJ Basic
Materials Sector / DJ Industrial Sector Ratio, daily, 6/30/82
DJ
Consumer Cyclical Sector / DJ Consumer Non-Cyclical Sector Ratio,
daily, 6/30/82
The Moody's Aaa Bond Price is the price (not total return)
implied from the yield by assuming an 8% coupon and a constant 20
year maturity. These are all one panel charts drawn on logarithmic price
scales.
|
The
line is
the ratio of the NYSE Financials to the NYSE Composite
Average. When the line is rising, the Financials are
outperforming the Composite. When it is falling, the
Financials are underperforming. This is a
3kb GIF thumbnail! The real charts look much better than these thumbnails. |
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Adobe
Acrobat PDF file (61kb)
This file is a 600 dot per inch rendering of the March 1997 V19h
chart. The actual charts have the edition and chart number
printed in the margin (between the holes for the three ring
binder).
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Note: This study (dividing one series by another) is called Relative Strength. It is not Welles Wilder’s Relative Strength Index, a popular momentum based oscillator.
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