TradingView
Niklaus
Sep 12, 2016 7:55 PM

Sector Alpha 

S&P 500 index of US listed sharesFXCM

Description

Excess Return by US Sector
Comments
Guitar1981
Great work. Is there anyway to add communication services sector (XLC) to the indicator?
INIFINIT3LIGHT
Sorry please help me in giving more details to understand your script.
Niklaus
hi, the script shows, how many percent a sector outperforms/underperforms the S&P500 for the given timeframe (on a risk adjusted basis). You find the legend and color code in the settings. For further info, you may look up "capm", "alpha", "beta" on a search engine.
RCP_
Great, thanks!
More