This script is a technical indicator that calculates the year-over-year (YoY) or month-over-month (MoM) returns of a security. The returns are then plotted on a chart, with positive returns colored in green and negative returns colored in red.
Year-over-year growth compares a company's recent financial performance with its numbers for the same month one year earlier. This is considered more informative than a month-to-month comparison, which often reflects seasonal trends.
Year-to-year comparison is a popular and effective way to evaluate a company's financial performance and investment performance. Any measurable event that repeats yearly can be compared based on YoY. As a rule, the indicator YoY (year to year) is the number of percentages indicating an increase or regression in relation to the future or past period. For example,...