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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - StockFinder 5.0 » Correlation Indicator for SF 5.1 ?

Correlation Indicator for SF 5.1 ? Rate this Topic:
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babzsak
Posted : Friday, September 16, 2016 10:26:14 AM
Platinum Customer Platinum Customer

Joined: 1/24/2005
Posts: 195

Is there an indicator already available or one that can be created so a current correlation between two assets can be quantified rather tan just eye-balled, for instance the correlation between equities and Treasuries which is usually inverse has recently been pretty tight. I've seen such indications in the past with a correlation of 1.0 being nearly exactly the same, below 1.0 being less corelated?

 

TIA
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Bruce_L
Posted : Friday, September 16, 2016 10:31:37 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

There isn't an indicator but there is a block which can be used to create an indicator.

Correlating two indicators


-Bruce
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