How can I compare a PE with the sector that a company is in so as to see if the company that you are looking at has a PE that is above or below the average sectors PE?
Sharescope offer this information but I think you can also find it on other sites such as Digital Look for example.
I have had quite a few questions recently on how to chart performance of a stock versus its sector, in the Sharescope package. The way you do this has changed recently, so here it is -:
Call up a stock chart and right click. Click on “additional graphs”, then click on “add”, then click on “price relative to sector index” – you get various options on colour and style of the line showing the relative performance of the stock versus its sector. This route puts the relative price line directly on to the price chart.
If you want to chart the relative performance of the stock against any other stock, or an index such as for instance the FTSE 250, again directly on to the price chart, the route is additional graphs – add – price relative to. At this stage you need to select the instrument with which you want to compare the stock’s performance, so it helps to know the EPIC code or exact name for this, which you can of course look up ahead of time. For instance, to look at all the indices held on the Sharescope database click on change list, then click on indices.
Relative performance can also be set up as an indicator, instead of being put directly on to the price chart, click on add indicator, then click on price relative to, then choose the instrument and the colour settings etc”