The Alpha Zones Indicator is a powerful tool that analyzes a stock’s performance relative to its benchmark across multiple timeframes (3, 6, 9, and 12 months). It combines these insights into a single, easy-to-interpret metric called Combo Alpha, highlighting consistent outperformance or underperformance.
Key features include:
Multi-Timeframe Alpha Analysis: Evaluate short-term and long-term performance trends. Combo Alpha Metric: A consolidated score for quick decision-making. Custom Benchmark Selection: Compare performance against any index or symbol. Visual Clarity: Color-coded histogram with a zero line for easy interpretation.