Correlation
Correlations delve into the intricate relationships between stocks. By analyzing daily close prices spanning multiple time frames, we calculate returns to determine the degree to which two securities move in relation to each other. The result is a comprehensive view of their historical correlation, represented by a value between -1.0 and +1.0.
- Identify Synchronized Moves
- Discover stocks that move in harmony. Our platform provides a curated list of the Top 20 most positively correlated stocks and the Top 20 most inversely correlated stocks, offering you a window into potential trading opportunities.
- Mitigate Risk
- Leverage inverse correlations to hedge your positions effectively, especially during volatile market conditions. Reduce your exposure to risk by strategically diversifying your portfolio.
- Real-Time Insights
- Stay ahead of market trends with our real-time correlation data. The ability to adapt swiftly to emerging opportunities can be a game-changer in the fast-paced world of trading.
- Updates
- Correlation data is updated once a month at the beginning of the month
- Included In
- Starter Plan
- Customizable Filters
- Tailor your correlation analysis based on specific criteria, including time frame and ETF filters.