Over the last month the stock market has been incredibly strong. The market sectors currently at upside extremes are Health Care and Utilities. Extremes on the downside over the last month are close to being made in the Energy and Telecoms sectors.
Archives February 2017
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Over the last couple weeks the $SPY has had a strong rally. Gold stocks on the other hand have largely done the opposite. Does this present an opportunity?
Correlation (aka: Correlation Coefficient) measures the linear relationship between two variables. In the context of trading or investing, correlation refers to the linear relationship of the historical price data of two instruments over a given time frame.