FTB-C000457 / Statistical method

Percent Rank

Percent Rank expresses a current value's position relative to a declared reference sample on a zero-to-100 scale.

Also known aspercentile rank

Intermediate 1 linked topicPublished

Definitions

In plain terms

Connors RSI uses the current one-period return compared with a fixed number of prior returns.

Technical

The method freezes reference window, inclusion of current value, tie handling, denominator, missing values, readiness, and scale.

Scope

Percent rank is an empirical ordering statistic, not a probability of future return.

Examples

  • A governed lesson calculates or identifies Percent Rank only after its inputs, window, state, scale, and edge cases are declared.

Common misconceptions

  • Percent rank is an empirical ordering statistic, not a probability of future return.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. Connors Relative Strength Index Implementation QuantConnect Lean · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: The moving branch can change; exact parity requires a pinned revision and an explicit tie and ranking-window contract.

Reviewed by
fintech-builder-batch-008
Last reviewed
2026-07-29
Next review
2027-07-29
Record status
published