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While studying RRG and RRG ranking tables %Chng
column is bothering me a lot. (plz chk attachment)
What it really means ? Till now I believe its Relative return of indices in the universe against benchmark.
If that is true, then its not matching with relative return value we get from prefChart using same time span, indices and benchmark.
Check this RRG stockcharts.com/freecharts/rrg/?s=$CNXENERGY,$CNXIT,$CNXPHARMA,INFY.IN&b=$NIFTY&p=w&y=5&t=30&r=82.42,116.95,93.94,105.09&f=tail,d&h=$CNXIT&i=$CNXENERGY,$CNXPHARMA,INFY.IN
%Chng for CNXIT is -2% and benchmark is $NIFTY.
Where is PrefChart http://stockcharts.com/freecharts/perf.php?$NIFTY,$CNXIT&n=210&O=011000&B=$NIFTY
Relative return is 20%.
Please help me understand whats wrong !!