DIY Momentum QnA and Discussion

Here is the reference information or video for ranking of stocks based on z score.
To rank stocks using the Z-score in Google Sheets, you can follow these steps:

Prepare Your Dataset: Enter your stock data into Google Sheets.

Calculate the Mean: Use the formula =AVERAGE(range) to find the average of your dataset. For example, if your data is in column A from row 2 to 100, use =AVERAGE(A2:A100).

Calculate the Standard Deviation: Use the formula =STDEVP(range) for the population standard deviation or =STDEV(range) for the sample standard deviation. For the same data range as above, use =STDEVP(A2:A100).

Calculate the Z-Score: Apply the Z-score formula for each data point using =(DataValue - Mean) / Standard Deviation. If the mean is in cell B1 and the standard deviation is in cell C1, for a data point in cell A2, the formula will be =(A2 - $B$1) / $C$1.

Interpret the Z-Scores: Positive Z-scores indicate values above the mean, while negative Z-scores indicate values below the mean. The absolute value indicates the number of standard deviations the data point is from the mean.

For video tutorials on how to calculate Z-scores in Google Sheets, you can check out the following resources:

1. How to Calculate Z-Score in Google Sheets
2. Easily Find Z-Scores and Areas in Google Sheets
3. Google Sheets – Z-Score Calculation

These videos provide step-by-step guides and examples to help you understand and apply the Z-score calculations in your stock analysis.