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Correlation entre 2 symboles & Correlation between 2 stocks
Posted: 22 Dec 2013 18:19
by kiyohira
Bonjour,
Existe-t-il un indicateur Express avec le code en clair de coefficient de correlation afin de comparer 2 symboles ?
Is there an open express code to calculate the correlation coefficient between 2 symbols ?
Merci.
Thank you.
Cordialement,
Best Regards,
Jean-Christophe.
Re: Correlation entre 2 symboles & Correlation between 2 sto
Posted: 23 Dec 2013 09:59
by Trend
Hello
try
topic413.html
I tested intraday ut3min between mini S&P and DJIA5
"If r is 0, the two curves are not linearly correlated. Both curves are much better correlated r is close to 0 (close to -1 or 1)."
Sincerly
Re: Correlation entre 2 symboles & Correlation between 2 sto
Posted: 23 Dec 2013 15:21
by kiyohira
Hello,
Thank you that is exactly what I was looking for so I can move on. I want to compare any stock with the reference index or sector in order to find out the over & under performer, so this has to do with stock picking (and not neutral-trading strategies or pair Trading) whereby I can bridge fundamental analysis and technical analysis.
I think that changing the close price by any type of moving average can only improve the smoothness of the indicator.
Unfortunately with Nano we do not get all reference indexes for all available stock market places but more importantly we do not get any (sub)-sectors as opposed to ProRealTime (although I remember that UK sectors were available until an update came around ?). That is really a pity since this top down approach is used by famous experts & advisors businesses and is the principle directly implemented in the new trading software called Highwave360 ....
May be is it just a matter of asking WHS again.
Anyway thank you very much for the post.
best regards,
Jean-Christophe.