Is Quantshare Ranking Reversed, or did I make a mistake?

Is Quantshare Ranking Reversed, or did I make a mistake?

swalk10
2014-09-24 16:28:23

I am doing a simple ranking process, for example buying the stock with the highest price.
So, X = close.

Then, given a basket of 50 tickers . . .

Rank1 = comp(x, "rank");

I note that rank #1 is set to the highest close price, rank #2 is next, etc., so far so good.

I then tell the system I want to use Rank1 as my criteria, hence

SetSimLongRank(rank1 );

However, the system then buys the lowest rank #50, next buys #49, etc.
Which has reversed the logic of how "comp" does the ranking.

Seems illogical, or did I make an error? How to I do SetSimLongRank to buy rank #1?

Thanks!

clonex
2014-09-25 01:49:59

SetSimLongRank(close );

QuantShare
2014-09-25 04:27:50

"comp" and "SetSimLongRank" are different functions.

The first one when combined with "rank" parameter returns #1 for the highest value while "SetSimLongRank" is used only to rank securities in a trading system and it gives priority to the symbol that have the highest value.

So instead of applying ranking twice, just use as Clonex suggested:

SetSimLongRank(close);

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