> For the complete documentation index, see [llms.txt](https://docs.praa.ms/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.praa.ms/return-factors/performance.md).

# Performance

This metric reflects the performance of the asset’s price relative to its relevant peers on different time scales (one week, one month, three months, and six months). Depending on the initial relative valuation standing, price changes can make the asset more or less ‘undervalued’ or ‘overvalued’. The lowest score (1 of 7) is assigned when an undervalued asset’s price falls while that of the peers increases, i.e., an undervalued asset becomes even more undervalued. The same low score is assigned when an overvalued asset rapidly becomes even more overvalued relative to its peers, which is typical for early-stage single-stock bubbles. On the contrary, the highest score (7 of 7) is when an undervalued asset increases in price faster than its peers, thus correcting its relative undervaluation and making its valuation ‘fair’.


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