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V relative volume: the current reading and its track record

V’s current relative volume reading and what that signal has historically been followed by.

This page covers Visa Inc. (V) — its current relative volume reading and the measured historical record of what V relative volume extremes were followed by.

How to read this. These figures are measured only on instruments currently covered by this site — a set of companies that survived. Signals that appear to have ‘worked’ on the downside are conditioned on these names having recovered; a company that fell and never came back would not be here to measure. Read every number below as a property of this surviving sample, not a universal rule, and never as advice.

All figures are ‘excess’ returns — measured relative to each instrument’s own historical drift, not relative to the market. This is not alpha and not a market-beating claim; it isolates the signal from the instrument’s background trend. Measured from the first day each signal appeared (not its most extreme point), so it reflects what was knowable in real time.

Relative volume showed no measurable forward signal. Across the full sample, episodes on this measure were followed by returns statistically indistinguishable from each instrument’s own drift — this is reported as a null result rather than left out.

When V was at a high extreme

Across 118 past episodes where V was at a high extreme on this signal, the close 20 sessions later beat V’s own trailing drift by 0.01 percentage points on average (50% of episodes beat drift).

V forward excess return vs its own drift after high-extreme relative volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with a complete horizon
1 session-0.11%47%118
5 sessions-0.41%42%118
20 sessions+0.01%50%118

When V was at a low extreme

Across 62 past episodes where V was at a low extreme on this signal, the close 20 sessions later lagged V’s own trailing drift by 1.55 percentage points on average (44% of episodes beat drift).

V forward excess return vs its own drift after low-extreme relative volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with a complete horizon
1 session>-0.01%50%62
5 sessions-0.18%53%62
20 sessions-1.55%44%62

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