November 9, 2017
Correlation
Correlation in the finance term is a measures of two or more securities move in relation to each other. It could be the same direction, or it can be in opposite direction.
So, let study two stocks, in our words, benchmarking.
GM General Motors and TSLA Tesla Motors Benchmarking
Picture worth a thousand words, see chart. General Motors and Tesla Motors are in negative correlation. We start to see this in 2017.
November 8, 2017 General Motors and Tesla Motors Benchmarking
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.