There are IMO always three components in one stocks price: 1. overall market 2. sector 3. company All technical analysis usually takes place on stock price only, disregarding sector- and marketmoves. One of my strategies is pairsTrading and there we analyze spreads and their behaviour. Now I consider to use that kind of thinking in single stock trading as well. Thus I want to run analysis on a time series build by the stock relative to its sector and the overall market. I have not done that before and I will start with very simple concepts in it, but I wonder if anyone here already did that. My idea about the market is that at most times it is efficient, meaning that it is not profitably predictable, but at times this efficiency gets distorted, opening up opportunity for trading. Now they are different methods to find these inefficiency points and I want to find our if a crossSectionalMarket-Analysis can help detecting them. Any concepts, experiencies, ideas?