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Stock Performance vs. Sector Performance
I want to build a scan that selects stocks that outperform the relevant sector. As the performance criteria, I would use, for example, the 3-month SMA average of the stocks’ price vis-à-vis the 3-month SMA of the relevant ETF’s price, such as the XLP’s price (which is the SPDR’s ETF for the consumer staples sector).
Does anyone have any suggestions on how to do it?
By the way, I looked at StockCharts’ Price Relative indicator. But, it looks that the indicator is available for charting, not for scanning.