RESI5 RESI
Residual of the latest point vs trend
Formula
Resi($close, 5)/$close
The expression above is verbatim from qlib Alpha158/360 feature engineering (qlib/contrib/data/loader.py, Apache-2.0). The platform qlib-compatible expression engine evaluates it on the deterministic research panel.
Cross-section statistics & information coefficient
IC mean (60M)
-0.0197
ICIR
-0.271
Cross-section mean
-0.0000
Cross-section std
0.0087
Min
-0.0333
Max
0.0322
IC = Spearman-style rank correlation between the factor cross-section and next-month returns, computed over the last 60 months on the deterministic research panel.