REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Relative
%
This shows
how the Company's adjusted share price has performed in percentage
terms relative to the FTSE Actuaries All-Share Index. This is
commonly referred to as 'relative strength'. The figures show
percentage outperformance (+) or underperformance (-) over the
past month, three months, six months and twelve months.
Relative
strength is calculated as follows:
CURRENT SHARE
PRICE
PRICE CHANGE
= ------------------------------
INITIAL SHARE
PRICE (ADJ)
CURRENT INDEX
VALUE
INDEX CHANGE
= --------------------------
INITIAL INDEX
VALUE
PRICE MOVEMENT
RELATIVE TO INDEX (%) =
[PRICE CHANGE
- INDEX CHANGE]
--------------------------------------
X 100
INDEX CHANGE
Examples of how this works
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