Well I though a hybrid price would be the answer to figuring out whether a basket of securities as a whole is trending or not. However, after I took a nap and looked at it I realized that although the hybrid price of the three securities may be flatlining the components may be trending opposite in direction to each other. So has another tried to figure out statistically whether a basket of different securities is "trending" overall or not? Can it be done? Thanks in advance.