How-to-Use-a-Stock-Screener-for-Relative-Market-Performance




 Relative Market Performance with the Market Chameleon Stock Screener!

Are you a self-directed trader or investor who wants to find stocks that are truly outperforming the market? It's not enough for a stock to simply have positive returns—you need to know if it's beating the rest of the market. This Market Chameleon webinar reveals how to leverage our powerful stock screener, particularly the "Average Daily Stats" and "Average Daily Returns" tabs, to uncover securities demonstrating true relative strength!

In this video, you'll learn:

  • Beyond Simple Returns: Discover how the Market Chameleon screener analyzes "daily returns" over 15, 30, and 90 trading days to give you a more consistent and less skewed view of performance. This method smooths out one-day events that might otherwise skew a stock's performance over a longer period.
  • Key Performance Metrics: Understand critical statistics that go beyond the basics:
    • Percentage of Positive Days: Gauge the consistency of upward movement.
    • Average Daily Return: Get a smoothed view of daily performance.
    • Standard Deviation of Returns (Volatility): Measure the variability and risk of daily swings.
    • Sharpe Ratio: Learn how this vital metric helps you compare "return for each unit of risk" between different stocks and the market! A higher Sharpe Ratio means better risk-adjusted returns.
  • Benchmarking Against SPY: See how to filter for stocks that are genuinely outperforming the S&P 500 (SPY), not just riding a rising market tide. You can find stocks with more positive days, higher average returns, or a higher Sharpe Ratio than the SPY.
  • Progressive Filtering: Watch a step-by-step demonstration of how to apply multiple filters to narrow down thousands of stocks to a refined list of strong candidates. This process helps you identify stocks that have a statistically significant edge.
  • The Power of Relative Strength: Understand why comparing a stock to a benchmark is crucial to determine if it's a truly "stronger performer" and not just a product of a bull market.

Empower your stock selection process with objective, data-driven insights. This video will change how you view stock performance and help you spot potential opportunities you might otherwise miss!

Tool Used in the Video: Market Chameleon Stock Screener: https://marketchameleon.com/Screeners/Stocks

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Financial Disclosure: Market Chameleon and its presenters are neither registered investment advisors nor broker-dealers. This webinar and its contents are for informational purposes only and focus on the functionalities of Market Chameleon tools and products. It is not intended as financial or investment advice. Users seeking investment advice should consult with a licensed professional.