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Ultimate Matrix Scanner - Stock Ranking Methodology
Definedge introduces the Ultimate Matrix Scanner, a tool that ranks stocks by comparing their performance within the same sector. Each stock is evaluated against its peers, earning points for outperforming others. The stocks with the highest scores emerge as top performers, similar to how IPL teams qualify for playoffs. The scanner uses the Point & Figure methodology, with a 0.25% box size, to assess market trends effectively.
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The Ultimate Matrix Scanner
Definedge's innovative tool introduces a unique stock selection method inspired by the IPL round-robin format. This scanner compares the relative performance of stocks within a selected sector to rank and identify top-performing stocks, making investment decisions simpler and more strategic.
