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Hi Pring,
I will be interested in looking at the
explorer/exploration using the correlation indicator.
Will it do the same as a relative strength analysis?
Thanks,
Carlos.
=
--- Pring <pring99@xxxxxxxxx> wrote:
> David,
>
> Thanks for the report.
>
> There is actually an indicator in MS that I found
> later that is used to compare securities called
> "Correlation".
>
> I wrote an Explorer to compare the SPY (S&P 500) to
> the securities in my folders. It will be
> interesting
> to see how your list compares.
>
> To use this in the way that I have, you have to have
> a
> high enough MS version where you can call up another
> security (I'm not sure which version introduced that
> feature). If anyone is interested in the Explorer,
> I
> can post it - it is a fairly simple code.
>
> This is from the MS help files:
>
> "Correlation of one security to another - Another
> use
> of correlation analysis is to measure the strength
> of
> a relationship between two securities. Often, one
> security's price "leads" or predicts the price of
> another security. This is especially noticeable
> with
> commodities. For example, the correlation
> coefficient
> of gold versus the dollar shows a strong negative
> relationship. In other words, an increase in the
> dollar usually predicts a decrease in the price of
> gold."
>
> Pring
>
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