Correlation coefficient stock vs NIFTY – 5min table

Correlation coefficient or mathematically speaking auto-correlation tells the strength of positive or negative relationship of the price movement between two instruments, this comparison is valid for Index-component, or stock-commodity for almost everything. A positively high value of coefficient means stock tends to rise if the index goes up whereas a high negative value means stock … Continue reading Correlation coefficient stock vs NIFTY – 5min table