Re: [amibroker] [IDEA] Closest Industry peers - For Relative Valuation Purposes And Anomaly Detection

 

Hi Ankur,

This is where more granular classification schemes help.

For example, in the Thomson Reuters Business Classification scheme, level 4 Speciality Chemicals is divided into the following level 5 classifications:
Other Specialty Chemicals
Coloring Agents
Cellular Fiber
Adhesive
Advanced Polymer
Epoxy
Industrial Biotechnology Chemicals
Speciality Chemicals Wholesale

The Thomson Reuters Business Classification scheme is 5 levels - but a little tricky to implement into AmiBroker without a plugin.

Best regards,
Richard Dale.
Norgate Data
- Premium quality Stock, Futures and Foreign Exchange Data -
www.norgatedata.com

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Posted by: Richard Dale <richard@premiumdata.net>
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