/biz/ - Business & Finance

>>22342816
>what specifically are those values measuring and what set of dates did you use to calculate?
The values range -1 to 1 where both extremes are perfectly negatively and perfectly positively correlated respectively. Such as if the value is 1, 1% in movement in ticker XYZ correlates to 1% movement in ticker ABC. The timeline is from June 2012 to Aug 2020 (this is the default the site I used was. Probably because one of the companies in the list did not exist prior to June 2012).

>I didn't see the post you're referring to
It was probably talked about a week to a week and a half ago. Don't know if it was from multiple anons or just one across a few threads. All that was said was that two should have a negative correlation but there wasn't any evidence provided to support the claim. Someone said they were going to look into correlations between the fields, but never heard anything.

>Did you try any comparison of banking/financial ETFs:QQQ?
Don't know a lot of bank ETFs, but here's QQQ vs XLF. Moderately correlated. Dates from 1999 to 2020