How to Read Daily Short-Term Performance Chart
The Absolute past performance in the last Prev. day, 2-day, 3-day, and 4-day periods are reported for the date shown.
The Percentile value corresponding to the Past performance is reported for the indicated date.
For reference, historical % Gain for each of the duration is shown for typical percentile values (5th to 95th).
FAQ's on Daily Short-Term Performance
1. What does this chart represent ?
Short-term Performance chart shows the performance of the security for four periods - Prev. day, 2-Day, 3-Day and 4-Day Cumulative
2. What is the significance of percentile values as shown in banner B above?
The percentile value is shown for the investor to get a perspective of how often has the market been at that absolute Short-term performance level historically. A lower percentile value represents a lower market in that time period. A higher percentile value
3. What does the color scale in the chart represent?
The colors in the chart progressing from Red to Green represent Lower to Higher Recent Performance.
How can I use Recent Performance values to trade securities?
You can use the percentile values as thresholds to trigger your trading activity and follow that schedule. As a conservative investor, it is prudent to start to invest money in the market at the 25th percentile values of RSI. If the market further drops down closer to the 5th to 10th percentile, use a dollar-cost averaging method to put more money into the security. Most importantly, remember to then patiently wait for the returns !!
Read more about RSI on public resources below: