YM = ES How many points?

B

BellWeather

What is the breakdown of YM points per 1 ES point?

They are two separate indices and am curious to the breakdown of the movements.

It seems that overnight Globex of YM has a very small range per ES full 1 point.

Ask on ES was 1337.00 YM 'ask' was at 12020. ES moved to 1338.25 'ask' and YM is at 12024 'ask?'
 
Probably a good idea to keep in mind these are two entirely separate indexes.
Even if they are somewhat correlated.


YM/ES = 8.98

0.1% move in ES = 1.33 points or rounded off 5 ticks
0.1% move in YM = 12 points/ticks

$50 move in ES = 4 ticks/1 point
$50 move in YM = 10 ticks/10 points

average daily range ES = 22.14 points/88 ticks

average daily range YM = 195 points/ticks
 
Well essentially if you are just considering the amount of leverage / $ value of a point then the YM would be 10 points for every ES's 1 point.

ES - $50/point
YM - $5/point
 
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