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TomHam  
#1 Posted : Monday, April 15, 2024 2:12:07 AM(UTC)
TomHam

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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  ...............

MS Support  
#2 Posted : Monday, April 15, 2024 5:57:26 PM(UTC)
MS Support

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Originally Posted by: TomHam Go to Quoted Post

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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