Correlation Among Stocks by Michael P. Turner
ARTICLE SYNOPSIS ...CorrelationAmong Stocks by Michael P. Turner
If you are trading stocks, you may find opportunities by
tracking the correlation between them. This can lead to
different strategies such as trading one company off of
another's news, spread trading, and sector trading. The
techniques described here were adapted from the book Day
Trading Into The Millennium, available from http://
www.tradersresource.com.
In today's financial markets, a relationship,
or correlation, exists
among all securities. Sometimes
there is a positive correlation,
sometimes there is a negative
correlation, and sometimes
the...
AUTHOR: Michael P. TurnerDATE: JUL 1999SUBJECT: Trading Techniques