Top-20% relative-strength leaders outperform
A high relative-strength rating is often used to identify shares that have outperformed peers.
Result
No difference — The test did not establish a difference from the matched baseline.
- Observed up-rate
- 44.9%
- Volatility-matched expected rate
- 47.4%
- 95% lift interval
- 0.90 ~ 1.01x
- Signals · symbols · dates
- 10,638 · 3,054 · 135
As of 2026-10-23 · Observed period 2026-03-30 to 2026-10-14
Source: DawnScan daily scan records and daily price records
Rule definition
An event is a six-month relative-strength percentile of 80 or higher across the scanned universe.
Why people use this rule
A high relative-strength rating is often used to identify shares that have outperformed peers.
Results by market regime
| Regime | Cases | Observed | Expected | Verdict |
|---|---|---|---|---|
| Neutral | 1,652 | 42.7% | 42.7% | No difference |
| Risk-off | 1,030 | 67.1% | 78.5% | Not enough data |
| Risk-on | 7,826 | 42.6% | 44.3% | Volatility illusion |
| Other | 130 | 36.9% | 48.1% | Not enough data |
Recent confirmed cases
| Date | Symbol | Outcome |
|---|---|---|
| 2026-10-14 | ACA | +1.4% Delisted (last recorded value) |
| 2026-10-13 | ATIIU | -30.6% Delisted (last recorded value) |
| 2026-10-09 | QETA | -31.1% Delisted (last recorded value) |
| 2026-10-09 | ATKR | +0.1% Delisted (last recorded value) |
| 2026-10-08 | BZH | +0.2% Delisted (last recorded value) |
| 2026-10-07 | SKK | +19.7% Delisted (last recorded value) |
| 2026-10-07 | QETAU | -26.1% Delisted (last recorded value) |
| 2026-10-02 | ZNB | -71.5% |
| 2026-10-02 | ZBRA | -3.9% |
| 2026-10-02 | XRPNU | -50.5% Delisted (last recorded value) |
| 2026-10-02 | VOD | -5.6% |
| 2026-10-02 | VNCE | +1.6% |
| 2026-10-02 | URI | +8.2% |
| 2026-10-02 | URBN | +12.3% |
| 2026-10-02 | UMC | -36.5% |
| 2026-10-02 | TXG | -25.0% |
| 2026-10-02 | TWIN | -15.9% |
| 2026-10-02 | TSM | -14.1% |
| 2026-10-02 | TNMG | -18.3% |
| 2026-10-02 | TMO | +6.4% |
| 2026-10-02 | TGT | -1.0% |
| 2026-10-02 | TBI | +6.4% |
| 2026-10-02 | TBCH | +14.7% |
| 2026-10-02 | SXT | -8.5% |
| 2026-10-02 | SWKS | +3.0% |
| 2026-10-02 | SRXH | -37.3% |
| 2026-10-02 | SNX | -15.0% |
| 2026-10-02 | SMCI | -24.6% |
| 2026-10-02 | SHAZ | -55.4% |
| 2026-10-02 | SEI | -5.6% |
Method and limitations
Definition: An event is a six-month relative-strength percentile of 80 or higher across the scanned universe.
Historical outcomes only. The sample may reflect a limited market regime. Results do not account for stops, position sizing, fees, or taxes.
Past data · not investment advice