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Thinking about how to really integrate market correlation into my analysis, not just acknowledge it.
I'm still wrapping my head around how more experienced traders actually use correlation in their daily decisions, beyond just saying 'stocks usually go up with $SPX'. Are there specific metrics or frameworks you look at to gauge when correlations are breaking down or strengthening in a way that truly informs your positions?
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I've found looking at rolling correlations over different timeframes can highlight shifts. Sometimes a simple scatter plot over a recent period can also make a change in relationship pretty obvious.