How to Use Relative Strength Performance
This page explains how to read and interpret the Relative Strength Performance results. This scanner is designed to identify stocks within a selected index that are outperforming or underperforming the broader market across multiple timeframes.
The results shown here are for Index: NIFTY 50. Each row represents one stock for one trading day, ranked based on relative performance and strength compared to the index.
Understanding Each Column
Symbol
The stock symbol as listed on the exchange. Each symbol uniquely identifies a company within the index.
Date
The trading date on which relative strength and performance metrics were calculated. All values in the row correspond to this trading session.
Close
The closing price of the stock for the given trading day.
- Represents the final traded price of the session
- Used as the base price for performance calculations
Performance vs Nifty
The stock’s performance relative to the NIFTY 50 index.
- Positive values indicate outperformance versus the index
- Negative values indicate underperformance versus the index
1 Week Return
The percentage price change over the last one week.
- Reflects short-term relative performance
- Useful for identifying recent strength or weakness
1 Month Return
The percentage price change over the last one month.
- Reflects intermediate-term performance
- Helps identify stocks with sustained relative strength
Position vs 52 Week High
The stock’s current price position relative to its 52-week high.
- Values closer to the high indicate strong long-term performance
- Helps identify stocks trading near leadership levels
Position vs 52 Week Low
The stock’s current price position relative to its 52-week low.
- Higher values indicate distance from recent lows
- Helps assess recovery strength or downside risk
Relative Strength Rank
The stock’s ranking based on relative performance within the index.
- Higher rank indicates stronger relative performance
- Useful for comparing leadership across index constituents
How to Read This Data Holistically
This scanner should be interpreted by comparing relative performance metrics across multiple timeframes.
- Consistent outperformance across periods suggests leadership
- Alignment between returns and index-relative performance strengthens the signal
- High relative strength ranks highlight potential market leaders
What This Scanner Indicates
- Stocks outperforming or underperforming the broader index
- Potential leadership or laggard candidates
- Relative performance trends within the index
What This Scanner Does Not Indicate
- It does not predict future returns
- It does not provide entry or exit signals
- It does not replace broader market or risk analysis
Important Notes
- Relative strength should be assessed alongside price trends
- Short-term performance may be influenced by temporary factors
- Always consider overall market conditions
Disclaimer: This information is provided for educational and analytical purposes only and should not be considered trading or investment advice.
Data Update Frequency
Relative Strength Performance data is updated after market hours for each trading day.
Summary
The Relative Strength Performance scanner helps identify stocks within an index that are demonstrating sustained outperformance or underperformance relative to the broader market. It is best used to focus on potential leaders and laggards within the index.