Product / Relativity Panel

Relativity Panel is a part of AmpleSight easy to learn and intuitive user interface created especially for intermarket analysis. It is a tool for comparison of the price movement of a stock with another stock, or sector, or index. It allows exploring relationships between movements of different assets and applying forethought to various market interdependences.

In the new version of AmpleSight Trader the Relativity panel consists of eight options, which can be used separately or simultaneously. The following tools can be applied to a chart. The first option is the Leader of Market Sector. It automatically adds a bar series of a symbol which is a Leader of the same Market Sector as the main bar series. The whole chart is transformed into the Percent Change Mode. S&P 500 Index, Custom Symbol Index of Market Sector and Index of Industry cause similar effects - the bar series of S&P 500 Index, of any symbol, Custom Index of Market Sector or Industry respectively will be added to a chart.

Second group consists of Relative Strength to Leader, Relative Strength to S&P 500 Index and Relative Strength to a Custom Symbol. When one of these options is applied, new subwindow is created and Relative Strength chart appears there. You can view Relative Strength to the Leader of the market Sector, to which the main bar series of the chart belongs, to S&P 500 Index or to another symbol. Thus, it is the quickest way to find out, whether a particular stock is in the same trend as the economy and market sector, or in the opposite. The value in the plot is comparison of performance and correlation of movement. Since we notice trend reversals of market indices, highly correlated stocks will tend to move with the index.