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Correlation between individual stock and SP500

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flan4

Posted : Wednesday, November 11, 2009 3:40:53 PM

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Joined: 3/12/2005
Posts: 123

Is it possible to create a custom indicator that will show the correlation (+1/-1), I guess a period would need to be used, i.e. 10 days, between the stock being viewed and the SP500? Thanks.

Bruce_L

Posted : Wednesday, November 11, 2009 3:44:47 PM

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

I do not know of a simple automated method of doing so using TeleChart (it is possible using StockFinder).

-Bruce
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flan4

Posted : Wednesday, November 11, 2009 6:44:02 PM

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Joined: 3/12/2005
Posts: 123

Thanks anyway

Bruce_L

Posted : Thursday, November 12, 2009 8:08:40 AM

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

You're welcome.

-Bruce
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paul.meneghel

Posted : Tuesday, November 17, 2009 9:55:51 AM

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Joined: 9/1/2009
Posts: 14

Try TC Scan c/w Correlscan. It is a telechart add on program.

flan4

Posted : Thursday, November 26, 2009 11:33:59 AM

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Joined: 3/12/2005
Posts: 123

Thanks Paul for the suggestion!

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