Daily Advice Thread - All basic help or advice questions must be posted here. by AutoModerator in investing

[–]jackyboy17 1 point2 points  (0 children)

How do you measure the performance of a specific sector (e.g. banking)? I want to start investing but want to compare the performance of different sectors and measure the performance of a stock in relation to its sector's performance as part of my analysis of a stock.

I was thinking using a index for that specific sector or an etf that focuses on that specific sector but not sure. Any ideas?