The index chart is a chart type that often comes in extremely useful for analysing the change in time series data.
You’ve probably seen these charts frequently used in finance – such as tracking a financial index like the S&P500. Here’s an example pulled from Statista looking at US Stock Indices since the start of 2022.
Notice how all series start at the same point, and the chart plots the relative change in each series over time. We can immediately see that NASDAQ has performed relatively poorer than the Dow Jones and S&P 500 during this period.
As you might … Read the rest