Description:
The Saay RS Navigator is a comprehensive indicator designed to measure and visualize the Relative Strength (RS) of a stock or security against a benchmark across multiple time frames. This tool plots three distinct RS lines representing Short Term, Medium Term, and Long Term perspectives, each customizable in length and color to suit various trading...
How to use Alpha(α)?
If Alpha is positive the stock outperforms, if the value is negative means the stock underperforms.
α < 0: The investment has earned too little for its risk (or, was too risky for the return)
α = 0: The investment has earned a return adequate for the risk taken
α > 0: The investment has a return in excess of the reward for the assumed risk
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