Hi,
I found a post from blog explaining how to rank some indicador together like moving average with ROC and etc.
But i would like script a rank only with a stock or sectors relative to benchmark. Does anyone can help me how do i start it?
It is just RS Rank relative to benchmark.
I know that i should use “RIC” scripting formula, right? But how i rank that?
Thank you.
Hi Rafi,
You can use the RIC function in a watchlist, set from a certain date or period (eg Year-to-Date) which would show the relative performance to eg the Ibovespa index. Here’s the relative performance since the index high on January 23rd:
RIC(ZEROBASED=True, DATESEL=User Defined, INDEX=BVSP:WI, START_DATE=2020-01-23)/100
(It’s been divided by 100 to display as a % in the watchlist.)
Weg has out-performed the index by 97% since January 23rd:
This may also be useful for scanning new RIC highs:
https://forum.optuma.com/topic/relative-strength-scan-using-ric/
Hii Sir,
Can RIC be used in rebalance type backtesting. I mean to say when we create year to date RIC does it will get adjusted in back date. Because when we do it in training mode it dosent adjust.
Regards,
Deepak