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I think you may want a correlation indicator; If one market is perfectly
correlated to another the value is 1, otherwise it is a fraction of 1;
Steve
-----Original Message-----
From: UG <ug@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, October 22, 1998 9:27 AM
Subject: GEN/MKT: What is this called?
>
>Is there an indicator that measures movement with respect to the market?
>Not Beta; that's volatility. I'm looking for something that would vary
>in value from a negative number to a positive one; a value of 1 would
>indicate the security rises in price when the market rises in price, and
>about the same amount. A value of -2 would indicate the security drops
>in price when the market rises (and vice versa), and about double the
>amount.
>
>Does such an indicator exist?
>
>--
>========================================================================
>If God had meant us to be naked, we would have been born that way
>http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
>
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