This is the percentage change in the company’s stock price minus percentage change in Nifty over the previous one week.
A positive output, when the market has moved up over the previous week, indicates that the company’s stock price moved up at a faster pace compared to the pace of market movement. A positive output, when market has dropped during the previous week, indicates that either the stock price moved up defying the market or it dropped at a slower pace than the market
A negative number indicates that either the market rose at a faster pace compared to stock price movement or dropped slower compared to stock price.