This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks.
I did this to later check to see if there is any effect of new legislation impacting federal tax credits for electric vehicle adoption as a catalyst for price action.
So far YTD, the composite at large has fallen 18.5% varying from TSLA is down 6% and LCID as an example of others is down 36%
The composite will be a quick and easy way to see if the composite and so the market cap of the underlying stocks inflects its downtrend responsive to the federal legislation catalyst.
Trade active
⋅
Market News Musk dumps 6B in shares - selling pressure going to go parabolic supporting downtrending !