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    Themes on the dashboard

    Available on: Web · iOS · Android

    On this page

    A theme is a group of stocks whose prices move together, such as silver miners or chip stocks. scanr regroups themes every week. The theme cards on your dashboard rank themes by strength and return and show how they move over time. To run your filters on one theme's members, see Scanning by theme.

    Tour

    Four cards read themes. Add any of them from the card picker, or load the Themes preset on the web for all of them at once. Your dashboard shows how.

    • Theme Overview: every theme in one table, ranked by relative strength, with its direction over the last 20 sessions.
    • Theme Performance: themes ranked by return over a period you pick, with each theme's top tickers.
    • Theme History: a theme measure by theme over time. On the web, pick River Chart or Heatmap in its settings. On mobile, Theme History is the river chart and Theme Heatmap is its own card.
    • Theme Motion (web): each theme as a point on three measures, played across the history window, with a price chart to drag the playhead along.

    Create and configure

    Read the Theme Overview

    1. Add Theme Overview. It opens sorted by Avg RS, strongest first.
    2. Sort by another column to rank by it. A second click reverses the order. Themes with no reading stay at the bottom either way.
    3. Open a theme for its details.

    Click a column heading to sort. Hover a heading for what the column measures. Click a theme for its description and members.

    Open a theme in the scanner

    Right-click a theme on Theme Overview or Theme Performance, or open its details, and choose Open in scanner. The scanner opens with that theme as its only theme and your other filters kept. It doesn't run the scan until you click Scan. Ask AI about this theme opens the AI Terminal on it.

    Choose which themes the cards show

    The dashboard has three theme settings that apply to every theme card. On the web, open Settings & layout, then Dashboard Settings.

    • Hide size & float buckets: hides groups that formed on risk appetite and liquidity rather than a shared business. On by default.
    • Theme liquidity floor: hides themes whose typical member trades less than this per day: Off, $1M, $5M, $10M, $25M or $100M. The typical member is the median member's 20-session dollar volume, so one heavyweight can't carry a basket of thinly traded stocks.
    • Theme cards open on: which themes Theme History and Theme Motion show before you pick any: by Liquidity (the default), Performance, Relative volume or Relative strength.

    Theme Overview and Theme Performance leave out the themes these settings hide, and say how many they left out. Click Show to bring them back. Theme History and Theme Motion use the settings only to pick the themes they open on. A theme you add yourself stays.

    Mobile only.

    Reference

    Theme Overview columns

    ColumnWhat it shows
    ThemeThe theme's name. New marks a theme that has had its name for fewer than 3 closed sessions, too few to draw a trend.
    Perf.The average daily return across the theme's members, weighted by how core each member is.
    Avg RSThe average of the members' 1 to 99 relative strength ranks, on today's members. 99 is the strongest theme on the board, 1 the weakest. A blank means no reading, not zero.
    TrendAvg RS over the last 20 sessions, as it was recorded each day.
    SlopeThe change in Avg RS over 20 sessions, in rank points, with the theme's members held fixed for the whole window.
    MembersHow many of the theme's members carry a strength rank, against its size.

    Reading relative strength

    Avg RS is a level: how strong the theme's stocks are today against the rest of the market. Slope is a direction: whether the same stocks are getting stronger or weaker. Read the two together. A high Avg RS with a negative slope is a strong theme that is fading. A low Avg RS with a positive slope is a weak theme that is improving.

    SlopeWhat the card says
    Above +0.5Gaining strength
    −0.5 to +0.5Holding flat
    Below −0.5Losing strength

    Slope holds the members fixed, so a weekly regrouping can't make a theme look like it is fading. Trend uses each day's members, so it carries the steps a regrouping makes. The two can disagree, and the card shows both on purpose.

    The slope comes with a fit quality, from 0 to 1. Below 0.3 the fit is weak: the ranks moved unevenly, so read the direction rather than the size.

    A theme with fewer than 10 ranked members is marked Thin coverage and shown faded. Its average rests on a handful of stocks.

    Theme Performance periods

    Pick a period above the list: 1D, 1W, 1M, 3M, 6M, YTD or 1Y. The default is 1D. Each theme's return is the weighted average of its current stocks' returns since the close on the Since date. It measures today's members over the window, not the stocks the theme held in the past.

    These periods look back from today. The time horizons on your scan performance look forward from each scan.

    Plans

    FeatureFreeSuperSuper Pro
    Theme Overview: Theme and Perf.YesYesYes
    Theme Overview: Avg RS, Trend, Slope and Members-YesYes
    Theme PerformanceTop 3 themes, 1DEvery theme and periodEvery theme and period
    Theme History and Theme HeatmapLatest 5 daysFull historyFull history
    Theme Motion-YesYes
    Open in scanner-YesYes
    Ask AI about this theme-YesYes

    When the numbers update

    • Every week: scanr regroups the themes.
    • Every close: the day settles. Slope updates only at the close, so during the session it reads as of the previous close.
    • During market hours: the newest column is today's session, marked Today · in progress. Its figures are cumulative so far today, so don't compare them with a closed day. Super and Super Pro see them live. On Free they are 15 minutes late, marked Today · in progress · 15m delayed.

    Tips

    • Sort Theme Overview by Slope to find themes whose stocks are getting stronger, then check Avg RS to see where they start from.
    • Check Members before you trust a strong reading. An Avg RS of 90 over 4 stocks says less than one over 40.
    • Set a Theme liquidity floor if you only trade liquid names. It clears out themes you couldn't trade in size.
    • Compare Theme Performance on 1D and 3M. A theme that leads both has been strong for a while. One that leads only 1D may be a one-day move.

    Troubleshooting

    IssueCauseSolution
    A theme's Avg RS is blank.None of its members carries a strength rank yet, or strength hasn't been worked out for the theme.Check back after the next close. A blank is never a low score.
    A theme shows "Thin coverage".Fewer than 10 of its members carry a strength rank.Read its Avg RS with care, or look at its members.
    Trend and Slope disagree.Trend follows each day's members. Slope holds them fixed.That's expected. Slope tells you whether the same stocks got stronger.
    A theme card says some themes are hidden, such as "12 themes hidden: size & float buckets".Hide size & float buckets or your Theme liquidity floor removed them.Click Show, or change the settings in Dashboard Settings.
    Theme Performance shows only three themes, or the longer periods are locked.The Free plan covers the top 3 themes over 1D.Upgrade to Super on Plans and limits.
    Today's column moves during the day.It is the session in progress, cumulative so far.Wait for the close to compare it with other days.

    Related

    Scanning by themeLimit a scan to the members of one or more themes.Your dashboardAdd, move and arrange the cards on your dashboard.GlossaryPlain definitions of theme, relative strength and other terms.Plans and limitsWhat each plan includes.

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    Ask scanr AI in the AI Terminal. It answers from this page. Included with Super and Super Pro.