It has been awhile since I did a dodgy correlation matrix of some of our major stocks. These are price correlations only – a correlation above 51% is coded yellow, below 0 is coded grey.
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Thanks Chris – question time!
Why dodgy? is it because they dont holdup for very long?
also, is there an easy way to dpo this apart from laborious Excel?
and finalone, what time frame are you using?
thanks, Peter
Correlations are fluid and are time frame dependant so they tend to be a dodgy – it is particularly dodgy if you do not acknowledge their fluidity and therefore the long term meaninglessness of your analysis. These are monthly correlations. you can plot price correlations in most charting packages.
Resources with resources, financials with financials, and a gold miner with nothing – because they’re poison, all seems reasonable.