This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
For Free - No Credit Card Required
Industry Measure: Ratio of Bullish to Bearish All-Star Traders Picks
There are several ways to measure and compare the strength of different industries. A unique way to do this is to calculate the number All-Star Trader picks for each one of these industries and compare the different values.
All-Star Trader Picks refers to the number of picks an U.S. Stock is getting from all-star investors/traders. An all-star trader is a trader that have a high accuracy in predicting whether a particular stock will outperform or underperform the S&P 500 index in the next few days (CAPS rating above 80% - For more information please visit the Motley Fool website - http://caps.fool.com).
Here is how to download all-star picks data: All-Star Traders Outperform/Underperform Picks for US Stocks.
This screen returns the total number of bullish all-star picks divided by the number of bearish all-star picks for each industry. Above one, the number of bullish traders is higher than the number of bearish traders. However, due to the fact that traders are more optimistic than pessimistic, we may consider that the overall sentiment of a particular industry is bullish if the ratio value is higher than 5.
The higher the bullish number of all-star picks for a given industry the higher the bullish to bearish ratio value.
This screen do not use any trading rule; it simply displays the number of bullish/bearish picks, the stock's industry and the bullish to bearish ratio for each U.S. stock that pass the screen criteria.
If what you need is to display the market sentiment ratio per industry then you can use the Pivot table tool (Set Industries in rows and the bullish/bearish ratio in a column).
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
