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technical_indicators:sctr [2023/06/30 21:42] jayanthi [Conclusion] |
technical_indicators:sctr [2023/06/30 21:48] (current) jayanthi [Frequently Asked Questions] |
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| - | ===== Frequently Asked Questions ===== | + | ===== SCTR FAQs ===== |
| - | **Q: Why doesn't XYZ have a SCTR?** \\ | + | ==== What is the significance of SCTR in a trading or investing strategy? ==== |
| - | A: Only those tickers included in predefined SCTR universe groups will have a SCTR ranking. | + | The SCTR is a powerful tool for comparing the technical strength of one stock against all the stocks in its peer group. It separates the strong performers from the weak ones and is a significant part of a successful trading or investing strategy. |
| - | **Q: The SCTR value has been the same for XYZ for a while now, why is that?** \\ | + | ==== Are there any exclusions in the SCTR rankings? ==== |
| - | A: That means it is consistently outperforming/underperforming its peers. | + | Only ticker symbols in predefined SCTR universe groups will have a SCTR ranking. Leveraged and inverse ETFs are excluded from the SCTR rankings due to their above-average volatility and inverse movements that skew the results. The VIX ETF (VXX) is also excluded because it moves inverse to the S&P 500. |
| - | **Q: How often are SCTRs updated?** \\ | + | |
| - | A: During the trading day, SCTRs are updated every 1-2 minutes. | + | === Why does the SCTR value remain the same for a while? === |
| + | When a SCTR value remains the same for a while, it means the stock or ETF is consistently outperforming/underperforming its peers. | ||
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| + | === How often are SCTRs updated? === | ||
| + | During the trading day, SCTRs are updated every one to two minutes. | ||
| ===== Additional Resources ===== | ===== Additional Resources ===== | ||