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Further to this, if you want to "zero adjust" the
RSC formula I gave earlier, you can use the following:
daynum:=Cum(1);
<FONT face=Arial
size=2>comparison:=Security("e:\premiumdata\asx\indices\XAO",C);
<FONT face=Arial
size=2>C/comparison-ValueWhen(1,daynum=1,C/comparison);
Personally I don't really care about the absolute
value of the RSC. Rather, I look at the RSC in comparison to its moving
average to give me a feeling of how strongly correlated the stock is to the
underlying index. Above the moving average means that the stock is
outperforming than its index. If the index is going down this means that
the stock is going down quicker.
Cheers,Richard.Norgate Investor ServicesPremium Quality Stock
and Futures Data for Australian, Asian & US Markets<A
href="">www.premiumdata.net
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