Correlation matrix calculator
Up to four markets at once.
Free risk tools
Momentum ranking
Which market is strongest right now? Up to four markets ranked by their move against their own swing, with the test for when to hold none.
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The markets
The ranking
The strongest is A: +5.41% over 60 bars, a move of 1.3 times its usual swing for the span.
- Absolute momentum
- It is up over the look back, so an absolute momentum rule would hold it.
- Trend or noise
- No market moved two times its usual swing for the span: the ranking could flip on a few bars.
- Read it with care
- Ranked by the move against each market's own swing, so a calm market's steady rise can beat a wild one's bigger jump. Momentum has paid on average across many markets and decades, with long dry spells; on a few markets and one look back it is a description, not a forecast.
The markets ranked by risk-adjusted momentum: the return over 60 bars, the swing a year and the move in units of its usual swing. The leader is marked.
| Rank | Market | Return | Swing a year | Score |
|---|---|---|---|---|
| 1 | A | +5.41% | 8.6% | +1.25 |
| 2 | C | +5.03% | 11.7% | +0.86 |
| 3 | B | +1.87% | 7.3% | +0.52 |
| 4 | D | -2.14% | 3.4% | -1.32 |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Relative and absolute momentum
Momentum rules buy what has risen most. Relative momentum ranks markets against each other; absolute momentum asks whether the leader has risen at all, and steps aside when nothing has. Dividing each move by the market's own swing keeps a wild market from winning on noise alone.
See how the markets move together with the correlation matrix, split the money by risk with the risk parity calculator, and compare two markets head to head with the relative strength tool.
Not advice. Arithmetic on the prices you type; past trends do not promise future ones.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.