Group Relative Strength Analysis by Jaime V. Behar
ARTICLE SYNOPSIS ...Group Relative Strength Analysis by Jaime V. Behar
This equity trader and computer consultant presents an intriguing use of statistical analysis to measure the performance of stock groups for the purposes of asset allocation.
To even the most casual of market observers, it soon becomes clear that stocks tend to move in groups. Whether this is due to the business cycle, industry fundamentals or investor perception, as money flows in and out of groups, so do the fortunes of the stocks within the groups.
Many trading disciplines use group strength as a key ingredient in their methodology. The ...
AUTHOR: Jaime V. BeharDATE: JUL 1994