Friday, October 16, 2009

Assessing Relative Volume for Individual Stocks

Which stocks are in play for the day, attracting significant volume--and hence movement? This heatmap from FinViz organizes stocks within sectors and color codes them based upon their relative volume: the proportion of volume traded today relative to its normal volume at that time of day. Light blue means that we're trading much above average relative volume; black means much below average. The sizes of the boxes correspond to the weighting of each stock within the sector. Excellent tool.