Upside/Downside Ratio
Upside/Downside Ratio is the indicator of the momentum of the market.
Upside/Downside ratio is calculated by dividing the volume of advancing securities by the volume of declining securities in the New York Stock Exchange.
If ratio is greater than 1, there is more volume associated with stocks whose price increase than stocks whose price decrease. If ratio is lower than 1, there is more volume associated with stocks whose price decrease than stocks whose price increase.
The greater the upside/downside ratio is, the more bullish the market.
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