Relative Sector Analysis: Coal Miners & Telcos

Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative ratio charts (equally weighted) of the major sectors of the JSE versus the Top 40 .

Each chart is presented with the following annotations:

1. Price with a 2 standard deviation linear regression channel over 200 days.

2. Adjacent to the price chart (right hand side), is the Relative Strength Index for the following periods: 3D, 1W, 21D (1 Month) and 63D (1 Quarter)

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