What is RPS Rate?
Relative Price Strength (RPS) Rate measures how a stock's performance compares to the overall market. This metric helps investors identify stocks that are outperforming or underperforming relative to market conditions, providing valuable insight for investment decisions.
The Formula
[\text{RPS Rate} = \frac{\text{Stock Price Trend}}{\text{Market Trend}}]
Where:
- Stock Price Trend is the percentage change in the stock price
- Market Trend is the percentage change in the overall market (e.g., S&P 500)
Interpreting Results
| RPS Value | Meaning |
|---|---|
| > 1.0 | Stock outperforming the market |
| = 1.0 | Stock performing equal to market |
| < 1.0 | Stock underperforming the market |
Calculation Example
Given:
- Stock price trend: 8%
- Market trend: 10%
[\text{RPS Rate} = \frac{8}{10} = 0.8]
An RPS of 0.8 means the stock is underperforming - it gained only 80% of what the market gained.
Investment Tips
- Look for trends: Regularly monitor RPS to spot long-term performance patterns
- Compare within sectors: Use RPS to compare stocks in the same industry
- Combine with other metrics: RPS works best alongside other fundamental analysis
- Consider momentum: High RPS stocks often continue their outperformance