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| - | The Price Relative indicator is simply the base security divided by the comparative security. Typically, the underlying security is a stock and the benchmark is the S&P 500. For example, chartists can use the Price Relative to show the performance of Starbucks (SBUX) relative to the S&P 500 ($SPX). This would simply be the price of Starbucks divided by the S&P 500. Starbucks is part of the consumer discretionary sector. Chartists could also view the performance of Starbucks relative to the Consumer Discretionary SPDR (XLY) with the appropriate [[docs>data#ratio_symbols_relative_strength|ratio symbol]] (SBUX:XLY). Chartists could also view sector performance relative to the S&P 500 (XLY:$SPX). | + | The Price Relative indicator is simply the base security divided by the comparative security. Typically, the underlying security is a stock and the benchmark is the S&P 500. For example, chartists can use the Price Relative to show the performance of Starbucks (SBUX) relative to the S&P 500 ($SPX). This would simply be the price of Starbucks divided by the S&P 500. Starbucks is part of the consumer discretionary sector. Chartists could also view the performance of Starbucks relative to the Consumer Discretionary SPDR (XLY) with the appropriate [[https://support.stockcharts.com/doku.php?id=data#ratio_symbols_relative_strength|ratio symbol]] (SBUX:XLY). Chartists could also view sector performance relative to the S&P 500 (XLY:$SPX). |
| {{:technical_indicators:price_relative:prel-1-sbuxsheet.png|Price Relative - Spreadsheet 1}} | {{:technical_indicators:price_relative:prel-1-sbuxsheet.png|Price Relative - Spreadsheet 1}} | ||