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| Figure 1: Scatterplots |
Let me know if you need copies of this so I can plan how I would share it to everyone.
Scatter-plots: The Leaders and Laggards
You might already have known about scatter-plots before, it is usually used by groups and traders such as BOH of Jiego, and The Dividend Observer. So basically, mine is just a replicate of that system, but I don't know how they use it, or if there are other systems they coupled with it, but for me I just used it to generate or filter stocks which are kind of an outlier. And from that, I look at the charts, look at statistics and do trade planning. This is one way of filtering stocks so you won't have to look at every stock of PSE.
Basically, from this data, I would try to find the outlier, which in Figure 1 (which shows the 3months versus Year-to-Date returns of the index stocks), I would like to look at SMC, PCOR, ICT, EDC, TEL, EMP, DMC or SCC. With that list, instead of looking at 30 stocks, I would have to look at only a few of them. But do take note that the timeframe for these one would depend on the timeframe of your returns plotted, meaning, since the figure is pointing out a 3MO Vs YTD Return, then your timeframe should also be medium term to long term.
Let me know if you need copies of this so I can plan how I would share it to everyone.
Let me know if you need copies of this so I can plan how I would share it to everyone.
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