Growth Indexing is mostly used in Investment Markets. A Growth Index is used for Growth. Growth Indexing can also be used for Mommentum and Return. Growth Index is a form of %G (Percentage Growth).
The easiest formula to work with Growth Indexing is:
GI = LC / PC
Growth Index Equals Latest Close Divided By Previous Close.
Growth Indexing comes in 2 (two) forms: Direct and Reverse. For a Direct Growth Index growth is indicated by 1.00 and above. The formula above is a Direct Growth Index. Reverse Growth Index, below 1.00 indicates growth.
William Charles Simpson
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