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 Gold Customer
Joined: 2/27/2005
Posts: 15
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Thanks in advance.......I would like to understand what calculations are used in the Rank function?
I've been measuring sub-industry Ranks vs All Industries......all some of the results just do not seem right in terms of strong vs weak sectors.
Art
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Industry RANK vs All Industries indicator calculates a Rate of Change (Percent) indicator for all of the industries in the Morningstar US Industry Groups WatchList.
The indicator then sorts the Morningstar US Industry Groups WatchList by the calculated Rate of Change (Percent) indicator.
The resulting percentile rank is just a matter of where the Sub Industry or Main Industry falls in the sort.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Gold Customer
Joined: 2/27/2005
Posts: 15
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Thanks Bruce for that reply.
What is the look back period for the Rate of Change?
Art
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The period of the rate of change is user adjustable but is 50 when the indicator is first added to the chart.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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