CQS New City High Yield Fund RSI
What is the RSI of CQS New City High Yield Fund?
The RSI of CQS New City High Yield Fund Ltd. is 48.32
What is the definition of RSI?
The relative strength index (RSI 14) is a momentum indicator that compares the magnitude of gains and losses over a specified time period to measure speed and change of price movements of a security.
14-day period
It is used to identify overbought or oversold conditions in the trading of an asset. It oscillates between 0 and 100 and a stock is considered overbought when the RSI is above 70 and oversold when below 30. The relative strength index (RSI) is typically used on a 14-day timeframe and is calculated according to the formula 100 - [ 100 / (1 + RS)] where RS is the ratio of average gain to average loss. In the calculation of average gain and loss for a certain period, taking the prior value plus the current value is a smoothing technique similar to that used in calculating an exponential moving average. This also means that RSI values become more accurate as the calculation period extends.
Sudden large price movements can create false buy or sell signals in the RSI. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Watching for divergence between price and the RSI indicator is another means of refining its application. Divergence occurs when a security makes a new high or low in price but the RSI does not make a corresponding new high or low value. Bearish divergence, when price makes a new high but the RSI does not is taken as a sell signal. Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.
RSI of companies in the Finance sector on LSE compared to CQS New City High Yield Fund
What does CQS New City High Yield Fund do?
CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known as New City High Yield Fund Limited. CQS New City High Yield Fund Limited was formed in October 2004 and is domiciled in the Channel Islands.
Companies with rsi similar to CQS New City High Yield Fund
- BlackRock Institutional Trust N.A has RSI of 48.31
- Morgan Stanley Emerging Markets Domestic Debt Fund Inc has RSI of 48.31
- Bio-Techne Corp has RSI of 48.31
- SITI Networks has RSI of 48.31
- GFL Environmental has RSI of 48.31
- Ying Kee Tea House has RSI of 48.31
- CQS New City High Yield Fund has RSI of 48.32
- FVCBankcorp has RSI of 48.33
- Lightning Minerals Ltd has RSI of 48.33
- D. B. Corp has RSI of 48.33
- Central China Securities Co has RSI of 48.33
- Jain Irrigation Systems has RSI of 48.33
- Kaushalya Infrastructure Development has RSI of 48.34