Hello
If we want to see a stock s relative strength to a benchmark index (may be Nifty 50 , or its sectoral index) , what is the indicator available in Dhan , which we can use
This is a very useful indicator which says whether a sector is over performing and under performing with respect to others in the market
Hi @Sandeep_Khurana, thank you for your suggestion. As of now, Dhan does not have a dedicated indicator for measuring the relative strength of a stock against a benchmark index like Nifty 50 or its sectoral indices. which is also called as stock Beta.
However, your feedback is well noted. We understand the importance of such an indicator or beta value for analysis, and we’ll consider this for future enhancements to improve your analysis experience on the platform.
@Sandeep_Khurana As discussed over the call, thank you for your time and for allowing us to understand your query. The Beta of a stock helps measure its volatility in comparison to the broader index, and if you’re looking to understand performance trends relative to an index, the Comparative Relative Strength (CRS) indicator is more appropriate.
This indicator highlights whether a stock is outperforming or underperforming a benchmark index over time. Here’s the attached screenshot for better clarity on how the CRS indicator appears on the chart.
