Trade Screener Watchlists Trading Strategy Tester About Us Odds Explained
Screener Watchlists Tester Odds Explained

How To Interpret The Odds

How To Trade Using Odds

How To Interpret The Odds
(Written Version)

Odds for each stock/crpyto are calculated as follows:

  1. First, we find all the trading days since 2010 where the stock/crypto moved (in percentage terms) an equivalent amount to what the stock/crypto has moved today.*
  2. Then, we calculate the return that would have been realized on each of these past trading days (past occurrences) if you bought the stock/crypto at the point it was up/down the exact amount it is up/down today and held until:
    • The same day’s market close for Same Day Live Odds
    • The next trading day’s market close for One Day Live Odds
    • The market close five (seven for crypto) trading days later for One Week Live Odds
  3. Finally, based on all those past occurrences, we calculate the following statistics/odds for each timeframe:
    • “Average Return” or “Avg”: The average return of all the past occurrences
    • “Up Odds”: The percent of past occurrences that would have yielded a positive (up) return
    • “Up Trades”: The number of past occurrences that were positive
    • “Down Trades”: The number of past occurrences that were negative
    • “Min”: The past occurence with the lowest return
    • “Max”: The past occurence with the highest return
    • Histogram Bars: Each bar corresponds to a return range based on the two values underneath the bar. The number on top of the bar represents the number of past occurrences that had a return within this range. The bars are sized relative to this value.

*The move has to have occurred during market hours.