Comparative Performance compares two sets of bars and calculates their relative performance. The calculation is based on the ratio of the two prices compared to the ratio at the beginning of the set of bars. Usually, a security is compared to a market index such as the S&P 500, however, you can compare any two sets of bars.
See also Comparative Relative Strength Index, Comparative Strength and Spread.
Copyright © 2018, FM Labs, Inc.