cunparis
71 posts
msg #73313
- Ignore cunparis |
4/5/2009 4:25:11 AM
I'd like to find correlated stocks but I don't see any indicators for this. Does anyone have an idea how I can do this?
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decipherlinda
133 posts
msg #73337
- Ignore decipherlinda |
4/6/2009 1:34:27 AM
By correlated, do you mean they have similar patterns or that they are from industries that move in sync?
If you're looking for similar patterns, are you aware of the Patterns -- Pattern Matching option on SF's home page?
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tomm1111
202 posts
msg #73382
- Ignore tomm1111
modified |
4/8/2009 3:06:55 AM
Correlation is basically matching the slopes between securities. Follow the steps below.
1. Determine period for slope and enter in filter below
2. Use symlist function to "grab" slope of security in question
3. Remove symlist function and screen based on the slope of security in above step
Longer periods of correlation, can potentially result in larger residuals (difference between sample and fitted mean) of the correlation coeffient. Given a few days or less the slope is probably ok for correlation, but as decipherlinda indicates in previous post, pattern matching would be an entirely different animal.
If one security lagged another by 1 day or more, it might be possible to pick this up on SF as in X days out of 100 type of thing. Not sure how I would screen for this at the moment.
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cjg123
7 posts
msg #73383
- Ignore cjg123 |
4/8/2009 3:33:34 AM
this site might have what you want
http://www.sectorspdr.com/correlation/
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