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Glossary · Pro tools

Relative strength vs the S&P 500

How a stock has done compared with the whole market over the same period.

Why it matters

A stock that rose 10% while the market rose 20% lost ground. Comparing with the S&P 500 shows whether owning this stock beat simply owning the market.

How to read it

On the chart, a line above 100 means the stock beat the S&P 500 since the start of the range; below 100 means it lagged.

Also called: relative performance

Related

Market indexA basket of stocks tracked as one number, like the S&P 500.BetaHow much a stock tends to move when the whole market moves.CorrelationHow closely two stocks’ daily moves follow each other, from minus 1 to plus 1.

In the Cluenex app, this explanation opens next to every relative strength vs the s&p 500 figure, with the live reading for the stock you are looking at. Open it in Cluenex