StockFetcher Forums · Indicators and Measures · Correlation(corr)<< >>Post Follow-up
stockfetcher
963 posts
msg #95213
7/29/2010 11:37:57 AM

Correlation (corr)

ParametersSymbol
Period
Indicator
Usagecorr(symbol,period,indicator)
DescriptionThis indicator computes the statistical correlation of the input series against the specified target symbol. The value returned ranges between -1.0 and 1.0; where -1.0 indicates a strong negative correlation, where 1.0 indicates a strong postive correlation.

To understand more about statistical correlation, click here
Examples1. Find stocks with high positive correlations to the S&P 500 over the last 60 days
Fetcher[show stocks where close is above 3.00
and average volume(30) is above 250000
and corr(^SPX,60,Close) is above 0.95
and add column corr(^SPX,60,Close)
and compare with ^SPX
]


2. Find stocks where the last 20 days of the 14-day CCI are negatively correlated with GE
Fetcher[show stocks where close is above 3.00
and average volume(30) is above 250000
and corr(GE,20,CCI(14)) is below -0.50
and add column corr(GE,20,CCI(14))
and draw CCI(14)
and draw IND(GE,CCI(14)) on plot CCI(14)
]




StockFetcher Forums · Indicators and Measures · Correlation(corr)<< >>Post Follow-up

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