negatively correlated stocks?

[Rocko1]

Is there any software or website that provides an easy way to find stocks that're extremely negatively correlated to each other?

thanks

 

[giggollo]

http://www.market-topology.com/

 

[Rocko1]

Wow that is awesome, thank you!

 

[bespoke]

Great site! Thanks for the link.

 

[HedgefundTrader2]

Quote from Rocko1:

Is there any software or website that provides an easy way to find stocks that're extremely negatively correlated to each other?

thanks

The whole stock market is negatively correlated at the moment. Look at some big cap Tech names looks like some one took a dump in anger.

 

[DeeDeeTwo]

This site has virtually no traffic.

http://www.alexa.com/data/details/traffic_details/market-topology.com?q=

Hedging highly non-correlated securities...
Would be clearly more risky than hedging highly correlated securities...
And a poor choice...
Because they would be in a different industry ...
Or a different security type (stocks vs bonds)...
And that introduces a LOT more variance...
Especially external variables that would impact one and not the other.

 

[iprph90]

http://www.sectorspdr.com/

edit:http://www.sectorspdr.com/correlation/

 

[hcour]

http://www.sectorspdr.com/correlation/

Shouldn't the proper terminology for those tables be "High Positive Correlation" and "High Negative (or Inverse) Correlation"? A "Low Correlation" would imply little or no correlation.

Harold

 

[iprph90]

Quote from hcour:

http://www.sectorspdr.com/correlation/

Shouldn't the proper terminology for those tables be "High Positive Correlation" and "High Negative (or Inverse) Correlation"? A "Low Correlation" would imply little or no correlation.

Harold

i understand your point...however, just like newspapers everything on the web (almost) is written at sixth grade level.

 

[Stevo]

I usually use http://etfscale.com/portfolio-correlations to see correlations between things...