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Technicals & Volume

The Group Technicals & Volume category tracks activity levels, volatility, and volume across each industry or theme. These metrics help highlight where liquidity is concentrated, how volatile a group is, and how closely it moves with the broader market.

These indicators are especially helpful for:

  • Identifying groups with surging volume or meaningful participation
  • Gauging volatility or relative risk across industries
  • Finding groups that behave differently than the overall market (low beta)
  • Filtering groups with strong technical presence or market momentum

Relative Volume​

Relative Volume (RVOL) compares the current trading volume—including pre-market, regular, and post-market sessions—to the average volume for the same portion of the trading day over the past three months. RVOL above 2 indicates volume is at least twice the typical level and is highlighted. Group RVOL is weighted by average volume.

The volume calculation is adjusted intraday based on how much time has elapsed since session open, ensuring a fair comparison between current volume and the proportional average volume for that same intraday period.

Compact Name: RVOL

Real-Time
High Relative VolumeAcceptable Volume

Relative Volume 2+ (%)​

Percentage of companies in the group with a Relative Volume of 2 or greater. Relative Volume (RVOL) compares the current trading volume—including pre-market, regular, and post-market sessions—to the average volume for the same portion of the trading day over the past three months.

Highlights groups with widespread high participation relative to normal volume levels.

Compact Name: RVOL 2+ (%)

Real-Time
High Relative VolumeAcceptable Volume

Total Average Market Volume 2 Weeks (%)​

Percentage of total market volume concentrated in the group based on the 2-week average. 1%+ is highlighted.

Useful for spotting groups with rising institutional attention or broader participation.

Compact Name: Total AvgVol 2W (%)

Regular Close
Average Volume Leaders 2 Weeks

Total Average Market Volume 3 Months (%)​

Percentage of total market volume concentrated in the group based on the 3-month average. 3%+ is highlighted.

Highlights longer-term volume leadership and liquidity dominance.

Compact Name: Total AvgVol 3M (%)

Regular Close
Average Volume Leaders 3 Months

Total Volume (%)​

Percentage of the day’s total market volume that comes from the group across pre-market, regular, and post-market sessions. 3%+ is highlighted.

Tracks real-time group participation across the full trading cycle.

Real-Time
Total Volume Leaders

Volume 100k+ (%)​

Percentage of companies in the group trading at least 100,000 shares today. 60%+ is positive; less than 30% is considered weak.

Helps filter for group-wide liquidity and minimum tradability thresholds.

Compact Name: Volume 100k+ (%)

Real-Time
Acceptable Volume

Market Beta 5 Years​

Measures how closely the group moves with the S&P 500 over a 5-year period. Weighted by market capitalization.

Positive beta values indicate the group moves in the same direction as the S&P 500, while negative values imply inverse movement. The magnitude shows volatility relative to the market.

  • Positive values indicate correlation with S&P 500.
  • Negative values imply inverse behavior to S&P 500.
  • The absolute value reflects volatility versus the index.

Helpful for evaluating systematic risk exposure in portfolio construction or screening.

Compact Name: Market Beta 5Y

Daily
Market Beta < -1.5Market Beta > 1.5

Volatility (Week)​

Average weekly volatility, calculated using the 5-day moving average of (High – Low) / Low. Weighted by market capitalization.

Useful for identifying groups with sharp short-term swings or quiet consolidation.

Regular Close

Volatility (Month)​

Average monthly volatility, calculated using the 21-day moving average of (High – Low) / Low. Weighted by market capitalization.

Reveals longer-term risk characteristics, including trending vs. choppy behavior.

Regular Close