Performance Index

The Performance Index shows the percentage variation curve of a stock relative to a reference date. For example, if the Performance Index is 10%, this means that the stock price is 10% higher than the price on the day chosen as a reference.

In Axial Finance, the reference day is automatically the first day present on the chart (taking into account the zoom position if enabled).

Example

Interpretation

The "Performance Index" is useful for comparing the price evolution of one stock relative to another stock or a market index.

This indicator is similar to Relative Strength, with the difference being that it only takes one instrument at a time and provides its absolute price variation.