Relative Strength in Relation to an Equity Index.
Shows the values of the utility and the finance components of the NYSE Common Stock Indexes for the end of each of 12 months from November 2000 through October 2001. Values for the NYSE Composite Index are also given.
|
NYSE Indexes |
|||
|
Utility |
Finance |
Composite |
|
|
November |
434.95 |
592.35 |
629.78 |
|
December |
440.54 |
646.95 |
656.87 |
|
January |
442.5 1 |
641.37 |
663.64 |
|
February |
406.01 |
603.76 |
626.94 |
|
March |
394.69 |
585.48 |
595.66 |
|
April |
421.41 |
604.65 |
634.83 |
|
May |
406.49 |
625.1 1 |
641.67 |
|
June |
376.61 |
626.65 |
621.76 |
|
July |
370.92 |
616.58 |
616.94 |
|
August |
346.92 |
585.54 |
597.84 |
|
September |
340.74 |
549.41 |
543.84 |
|
October |
323.46 |
543.16 |
546.34 |
We divide each industry index value by the NYSE Composite value for the same month and then scale those results so that relative strength for November 2001 equals 1.0.
|
Relative Strength lndicators |
||
|
RSTR Utility |
RSTR Finance |
|
|
November |
1.000 |
1.000 |
|
December |
0.971 |
1.047 |
|
January |
0.965 |
1.028 |
|
February |
0.938 |
1.024 |
|
March |
0.959 |
1.045 |
|
April |
0.961 |
1.013 |
|
May |
0.917 |
1.036 |
|
June |
0.877 |
1.072 |
|
July |
0.871 |
1.063 |
|
August |
0.840 |
1.041 |
|
September |
0.907 |
1.074 |
|
October |
0.857 |
1.057 |
State the relative strength of utilities and finance over the entire time period November 2000 through October 2001. Interpret the relative strength for each sector over that period.
2. Discuss the relative performance of utilities and finance in the month of April 2001.