Thank you for sharing your insights and have learnt something great from this article.
When I was trying to understand the conclusion, I found something wrong with the metric.
When the condition(2nd Row and 2nd Column) is "stock > 50-day < index" and "index > 50-day (bullish market) then it should be "Gross Out-Performance" instead of "Relative Under-Performance". In addition to that, putting ""Relative Under-Performance" category in the metric would be very difficult.
This is my analysis on your conclusion. I could be totally wrong.
Thank you for sharing your insights and have learnt something great from this article.
When I was trying to understand the conclusion, I found something wrong with the metric.
When the condition(2nd Row and 2nd Column) is "stock > 50-day < index" and "index > 50-day (bullish market) then it should be "Gross Out-Performance" instead of "Relative Under-Performance". In addition to that, putting ""Relative Under-Performance" category in the metric would be very difficult.
This is my analysis on your conclusion. I could be totally wrong.