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The Abs convert a time series into a series of absolute values
Main idea: looking at in returns in an absolute value space.
abs(logDiff(sp500))
This example transforms the S&P 500 Index return in to absolute values
abs(logDiff(sp500))
absSPX=abs(logDiff(sp500))
hist(absSPX)
The abs command is one of the foundational transformations used throughout RainbowStats.