stockfetcher
980 posts
msg #95213 |
7/29/2010 11:37:57 AM
| Correlation (corr) |
|  | | Parameters | Symbol
Period
Indicator | | Usage | corr(symbol,period,indicator) | | | Description | This 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
| | | Examples | 1. Find stocks with high positive correlations to the S&P 500 over the last 60 days
2. Find stocks where the last 20 days of the 14-day CCI are negatively correlated with GE
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