Product Description
thinkorswim Correlation Statistical Distribution Indicator
$49.99
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The thinkorswim Correlation Statistical Distribution Indicator shows users the historical correlation between assets. The indicator uses the Pearson coefficient, or R, and is a measure of linear correlation between two sets of data. It is the ratio between the covariance of two variables and the product of their standard deviations. It is a normalized measure of the covariance. The result always has a value between −1 and 1.
- The thinkorswim Correlation Statistical Distribution Indicator allows users to select which two (2) tickers to correlate;
- Select the rolling period of the correlation;
- Watch the study plot out the historical distribution of the period shown.
This indicator natively plots any distribution of any two ticker R correlation coefficient over any user specified period. The indicators shows where the current correlation R value resides amongst the distribution function.
Disclaimer
The information contained therein, or inferred from the product therein, are not intended as, and shall
not be construed or understood to be financial advise or any promise of success, profit or guarantee of
such. The creator of this product is neither a financial advisor, attorney or an accountant, or holding out to
be, and the information contained therein or inferred from the product therein is not, and should not be
seen or interpreted to be financial advise of any kind. The creator of this product is absolutely no aware
of your individual circumstances and making any guarantee, implied or not, of any performance result:
positive or negative. The creator has attempted, to the best of his ability, to generate a useful product for
those interested in engaging in trading of the underlying securities mentioned therein. Nothing contained
herein should be viewed as a substitute to professional financial advise fit for your situation and your
individual circumstances. In addition to this, the purchase of the materials implies that you agree that any reproduction, resale,
reuse or usage not otherwise permitted by the owner is strictly prohibited.
Absolutely no returns and no refunds after purchase.