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steven achelis reference

Upside/Downside Ratio

Overview The Upside/Downside Ratio shows the relationship between up (advancing) and down (declining) volume. Interpretation When the Upside/Downside Ratio is greater than 1.0, it is showing that there is more volume associated with stocks that are increasing in price than with stocks that are decreasing in price. While discussing advancing/declining […]

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Correlation Analysis

Overview Correlation analysis measures the relationship between two items, for example, a security’s price and an indicator. The resulting value (called the “correlation coefficient”) shows if changes in one item (i.e. an indicator) will result in changes in the other item (i.e. the security’s price). Interpretation When comparing the correlation […]

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