QTEC/RSP Tech-Leadership Z-Score
QTEC/RSP z-score at +1.42σ — leadership in its normal range
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Nasdaq-100 tech (QTEC) vs the equal-weight S&P (RSP) as a ratio z-score — how stretched tech leadership is vs the average stock. A high z is the "box breakout" regime; the band table shows whether each extreme kept trending or mean-reverted.
- 0 signals since 2006-01-01.
- QTEC/RSP z-score at +1.42σ — leadership in its normal range
QTEC/RSP z
+1.42σ
+1..+2σ
QTEC/RSP ratio
1.4664
Nasdaq-100 tech / EW S&P
Top-band QTEC 1Y Med
+24.6%
78% win
Top-band ratio 1Y Med
+2.3%
leadership continues
When to run this study
Run any time. Tracks how stretched Nasdaq-100 tech leadership is vs the average stock (equal-weight S&P) via the QTEC/RSP ratio z-score. A high positive z = leadership extended (the "box breakout" regime); a low negative z = tech washed out vs the broad market. The band table shows whether each extreme historically kept trending or mean-reverted.
Historical results
Forward RATIO (leadership continuation) returns by QTEC/RSP z-band
| QTEC/RSP z-band | N (days) | 1M Win% | 1M Med | 3M Win% | 3M Med | 6M Win% | 6M Med | 1Y Win% | 1Y Med |
|---|---|---|---|---|---|---|---|---|---|
| <=-2σ | 135 | 71.10 | 2.11 | 71.10 | 3.26 | 45.90 | -1.27 | 50.40 | 0.47 |
| -2..-1σ | 784 | 51.40 | 0.13 | 59.20 | 1.65 | 65.60 | 3.93 | 71.30 | 8.68 |
| -1..+1σ | 2020 | 58.20 | 0.55 | 55.30 | 0.57 | 63.20 | 2.35 | 68.80 | 4.21 |
| +1..+2σ | 1470 | 56.70 | 0.64 | 63.20 | 1.57 | 62 | 2.91 | 61.30 | 2.12 |
| >=+2σ | 549 | 45 | -0.52 | 47.70 | -0.18 | 57.20 | 1.06 | 57.10 | 2.31 |