Relative Strength Screener - Index Out Performers
Index OutPerformer
| OutPerforming Stocks with Nifty 50 | Screener |
| OutPerforming Stocks with Nifty 100 | Screener |
| OutPerforming Stocks with Nifty 200 | Screener |
| OutPerforming Stocks with Nifty 500 | Screener |
| OutPerforming Stocks with Nifty Midcap 150 | Screener |
| OutPerforming Stocks with Nifty Smallcap 100 | Screener |
| OutPerforming Stocks with NIFTY BANK | Screener |
| OutPerforming Stocks with NIFTY IT | Screener |
| OutPerforming Stocks with NIFTY PHARMA | Screener |
| OutPerforming Stocks with NIFTY AUTO | Screener |
Index UnderPerformer
| UnderPerforming Stocks with Nifty 50 | Screener |
| UnderPerforming Stocks with Nifty 100 | Screener |
| UnderPerforming Stocks with Nifty 200 | Screener |
| UnderPerforming Stocks with Nifty 500 | Screener |
| UnderPerforming Stocks with Nifty Midcap 150 | Screener |
| UnderPerforming Stocks with Nifty Smallcap 100 | Screener |
| UnderPerforming Stocks with NIFTY BANK | Screener |
| UnderPerforming Stocks with NIFTY IT | Screener |
| UnderPerforming Stocks with NIFTY PHARMA | Screener |
| UnderPerforming Stocks with NIFTY AUTO | Screener |
Understanding Relative Price Strength (RPS / RS)
Relative Price Strength (RPS or RS) measures how well a stock has performed compared to a specific benchmark over a set period. From the Indian market perspective (and on TopStockResearch), it evaluates a stock's performance relative to major indices like the Nifty 50 or other NSE sector indices.
"Is this stock performing better or worse than the overall market?"
Crucial Note: RS is not about whether a stock is simply going up or down in price. It is strictly about whether the stock is winning or losing against its benchmark.
The Relative Strength Formula
When tracked over time, this ratio reveals whether a stock is a leader or a laggard:
- Rising RS Line: The stock is outperforming the benchmark (gaining strength).
- Falling RS Line: The stock is underperforming the benchmark (losing strength).
How Traders Use Relative Strength
RS is a powerful tool for building winning strategies, managing risk, and selecting outperforming assets:
- Identify Market Leaders: Stocks with an RS line making new highs are often institutional favorites attracting heavy buying interest.
- Trade Confirmation: A technical chart breakout paired with a rising RS line gives traders much higher confidence in the setup.
- Smart Exit Strategy: RS helps traders cut losses early by avoiding or exiting stocks that consistently lag behind the broader market.
- Sector Rotation: By comparing sector indices against the Nifty 50, investors can identify which sectors are entering leadership phases (often visualized via Relative Rotation Graphs or RRG).
- Portfolio Management: If two stocks have similar fundamentals then investors will favor the one with stronger RS because it proves market demand.
Clearing the Confusion: RS vs. RSI vs. Beta
Beginners often confuse Relative Strength with other popular metrics. Here is how they differ:
1. Relative Price Strength (RS) vs. RSI (Relative Strength Index)
While the names sound similar, they serve entirely different purposes. RSI is an internal momentum oscillator (bounded between 0 and 100) that tracks a single stock's speed and magnitude of recent price changes to identify overbought or oversold conditions.
| Feature | Relative Price Strength (RS) | Relative Strength Index (RSI) |
|---|---|---|
| Comparison | Compares a stock to another stock or an index. | Measures a single stock's own internal momentum. |
| Primary Use | Used to find market leaders and outperforming assets. | Used to identify overbought (>70) or oversold (<30) conditions. |
| Indicator Type | Trend-following indicator (open-ended ratio). | Bounded Momentum Oscillator (0 to 100). |
| Reading | Higher/rising values are generally better. | Extreme highs mean overbought; extreme lows mean oversold. |
2. Relative Strength vs. Beta
A stock can have low volatility (low Beta) but steady outperformance (high RS). Conversely, a high Beta stock might swing wildly but fail to deliver better returns than the market, resulting in poor RS.
| Feature | Relative Strength (RS) | Beta |
|---|---|---|
| Core Focus | Measures performance/returns compared to a benchmark. | Measures volatility/risk compared to a benchmark. |
| Market Action | A rising RS means the stock is beating the market. | A high Beta (>1) means the stock moves faster/more violently than the market. |
| Strategy Type | Extensively used in Momentum Investing. | Extensively used in Risk Analysis and Portfolio Hedging. |
TopStockResearch & Relative Strength Screeners
In real-world trading, professional market participants combine relative strength with volume, trend analysis, and core fundamentals. TopStockResearch provides robust screeners to automate this analysis:
- Stock vs. Broad-Based Index: Scan stocks outperforming the Nifty 50, Nifty 500, etc.
- Stock vs. Sectoral Index: Find the strongest stocks within a specific outperforming industry.
- Sectoral Index vs. Broad-Based Index: Essential for tracking Sector Rotation and analyzing RRG charts.
- Flexible Timeframes: Analyze strength across short to long-term periods (From 1 Week up to 10 Years).
- Multi-Factor Scanning: Seamlessly combine RS metrics with other technical indicators or fundamental filters.
- Data & Visualization: View results in highly intuitive, clean, scannable data tables.