YCharts Adds Correlation Analysis Capabilities
The new capabilities will allow users to identify trends and patterns across different datasets.
Within the past two weeks, YCharts has made it possible for users to compare any financial ratio for a security in its database to any other data point, and to analyze any data in its system to spot correlations─for example, between an exchange-traded fund and an individual stock, between a mutual fund and an index, or between oil and energy sector stocks, such as Exxon.
"If you find that something is highly correlated, then you see that one of the components is going up or down, other
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