Relative Outperformance Scans

Relative Outperformance Screener is one of the perfect screeners for traders to determine the stocks that are outperforming or underperforming their standard index. Also, it plays a vital role in discovering swing trading stocks for short-term trading. You can get to know a lot from the modules below so keep reading.

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This Report is generated On 2024-05-16 for the next trading day
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Symbol LTP 7 Day OutPerformance 3M OutPerformance 6M OutPerformance
BANKBARODA
261.40
▼-1.5(0.57%)
3.87% -7.10% 15.80%
HDFCBANK
1464.10
▲3.85(0.26%)
-0.77% 0.17% -15.54%
ICICIBANK
1130.50
▼-0.55(0.05%)
2.27% 7.67% 6.87%
INDUSINDBK
1412.35
▲3.6(0.26%)
-0.74% -7.09% -18.15%
KOTAKBANK
1696.55
▲24.5(1.47%)
4.10% -5.30% -17.89%
PNB
133.10
▲4.85(3.78%)
-1.24% 28.52% 60.31%
SBIN
766.10
▲15.65(2.09%)
-0.03% 14.77% 16.03%

In trading, understanding the relative outperformance concept is quite important. It drives traders to make the right decisions while short-term trading.

At paisaalgo.com, we curated the best version of the Relative Outpreforming Scans Screener that reports the stock's outperformance and underperformance concerning the underlying index. For more knowledge, keep following the next sections. 

What Is Relative Outperforming Scan? 

Relative outperforming scan mentions that a stock has outperformed or underperformed the benchmark index in total percentage. Typically, outperformed stocks in the last 7 days and 60 days are beneficial for short-term trading. 

A few may think that relative outperformance and relative strength are similar but they both are different topics so clear your confusion asap. This relative outperforming screener column lists how much percent more it has outperformed or underperformed the benchmark. 

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What Does Paisaalgo's Relative Outperformance Stock Screener Provide? 

Our free Relative Outperformance Stock Screene provides the stock's outperformance or underperformance wrt index in tabular format. You can directly refer to the outperforming and underperforming short & medium tables along with the Outperforming and underperforming 6-month tables. 

The relative outperformance scans columns are Symbol, LTP, 7-day outperformance, 3-month outperformance, and relative outperformance wrt index. If need clarity about these columns then look at the below explanation: 

  • 7-day outperformance: It shows the percent of the stock that has outperformed or underperformed the underlying index in the past seven days. 
  • 3-month outperformance: It also represents the stocks' outperformed or underperformed percent in the last 3 months. 
  • Relative Outperformance wrt index: It mentions insights regarding the stocks that outperform in the last 7 days (short & medium) and last 60 days. Implementing these insights is great for short-term trading. 

Refer to the one you need as per the requirements from the list of data and trade correctly while short-term trading.

FAQs on Relative Outperformance Stocks

1. What is relative performance in the stock market?

Relative performance means the performance of the stock opposite to the index, sector, or a defined peer group declared in percent. 

2. What does it mean when a stock is outperforming?

Outperforming stock means expecting that particular stock should do a bit better over market return. The other names of the outperform in trading are moderate buy, accumulate, and overweight. 

3. How do you tell if a stock is outperforming the market? 

If the stock returns are a little better than the benchmark return then that stock is outperforming in the stock market. 

4. What causes a stock to outperform? 

Some of the factors like market conditions, customer loyalty, and industry trends cause a stock to outperform.

Conclusion

We hope you guys have understood & gained knowledge on Relative Outperformance Scan or Screener. If you need any other assistance while trading in the future? Do check our other trading tools/indicators/strategies for intraday trading or options trading by bookmarking or visiting our site Paisaalgo.com daily.