The good people at ETFScreen.com have a unique system of ranking the performance of their list of ETF's. They have developed a Relative Strength Factor rating system which is updated often during the trading day.
Here is the definition of the RSf.
'Relative Strength Factor(RSf) is a percentile ranking of the fund's performance relative to other funds and relative the broad U.S. market performance. It is measured over 1 year and weighted to emphasize more recent performance. The values for RSf range from 0 thru 99.99 with the better performing funds having higher values.'
I am going to place in here the top 5 ranked items and then have a more detailed look at the top performer.
As you can see this instrument has been moving higher for a while, it will be interesting to look at a Point and Figure chart to see what the price target may be.
For further detail on this fund you can look at this web page
Here is the definition of the RSf.
'Relative Strength Factor(RSf) is a percentile ranking of the fund's performance relative to other funds and relative the broad U.S. market performance. It is measured over 1 year and weighted to emphasize more recent performance. The values for RSf range from 0 thru 99.99 with the better performing funds having higher values.'
I am going to place in here the top 5 ranked items and then have a more detailed look at the top performer.
Lets have a look at the top listed one DNO, using the chart on the site.
Some Performance detail
For further detail on this fund you can look at this web page
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ETF,
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