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Is there a formula set, or a process, in MetaStock to find the Correlation between one security and a list of others? Typically the index would range from +1 (perfect correlation) to -1 (the exact opposite). Thanks. ............. Tom ...............
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Originally Posted by: TomHam  Is there a formula set, or a process, in MetaStock to find the Correlation between one security and a list of others? Typically the index would range from +1 (perfect correlation) to -1 (the exact opposite). Thanks. ............. Tom ...............
Hello, There is a correlation function in MetaStock, which you can use in the different formula tools. You could for example have the following as an Exploration Column: Code:Correl(C,Security("Online:IBM",C),25,0)
You can find more on this within the Help file (interpretation, parameters, etc) by searching the Index tab for correlation.
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