StockTouch Blog

Tutorial: Display vs. S&P 500

September 23, 2011 by Jennifer

A nifty feature included in the latest update to StockTouch enables you to benchmark your view of StockTouch relative to the S&P 500. This is something that our customers have requested since we launched in the end of June, and we are happy to bring it to life in this latest update. You access this capability via the Display menu on the right sidebar of the app (see image to the right).

Viewing stocks relative to the S&P 500 (or any other index for that matter) is especially valuable when the market is moving up or down as a whole. For example, on Wednesday September 21 the market was sharply down across the board. StockTouch as a whole was showing an impressive amount of red. As a matter of fact, only 26 out of 900 stocks in our U.S. view gained more than .5%. So looking at StockTouch without any filtering gave you a sense of a market in distress.

But which stocks outperformed and underperformed the S&P? This became much more salient, and even patternistic, with our new feature:

Note how much more obvious it is that Finance, Materials, Industrial Goods and Energy were underperforming the S&P 500. Also, note how Technology did its best to hang onto some decent numbers, while Utilities held up (relatively) well, possibly due to demand for dividend yielding stocks.

This feature is useful not only intraday, but looking out across longer periods of time. Enjoy, and as always, please don’t hesitate to let us know what you think.

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