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Correlation Script Tool Python Yahoo Finance - Trading&Investment Quantitative Tools

Correlation between two titles

Ready-to-use compiled script in Python language, created for quantitative data processing on Yahoo Finance. Inside the file you will find the PDF manual for correct installation and operation.

Thanks to HS tool scripts you will be able to:
- Save huge amounts of time in doing complex calculations
- Automate the processing of your calculations
- Increase the efficiency of your analyzes by avoiding errors in complex calculations
- Quickly and easily find data from all world markets
- Carry out professional analyzes for your investments

Tool management difficulty: Low

€8.95

  • Politiche per la sicurezza (modificale con il modulo Rassicurazioni cliente) Politiche per la sicurezza (modificale con il modulo Rassicurazioni cliente)
  • Politiche per le spedizioni (modificale con il Modulo rassicurazioni cliente) Politiche per le spedizioni (modificale con il Modulo rassicurazioni cliente)
  • Politiche per i resi merce (modificale con il Modulo rassicurazioni cliente) Politiche per i resi merce (modificale con il Modulo rassicurazioni cliente)
Characteristics:
- Beta comparison between two assets
- Dynamic and variable period analysis
- Extended historians
- Easy to install

By adjusting the date and ticker of the underlyings you can download data in a few clicks to:
- Global stock market
- Global indices
- Raw material
- Precious metals
- Cryptocurrencies (Large cap only)
- Bond market
- Derivatives (Futures, options and more)
- Investment funds
- ETFs / ETCs / SICAVs etc.

What is Correlation and what is it used for?
In finance, correlation is a statistical value that measures how two financial stocks behave reciprocally.
The correlation is statistically calculated through the correlation coefficient, which can fluctuate between -1 and +1.

The correlation is perfectly positive (indicated by coefficient +1): when one stock moves, the other follows it in the same direction.
Perfect negative correlation (coefficient -1): when one stock moves in one direction, the other moves in the opposite direction.
A correlation coefficient of 0 indicates that the titles we are talking about have no correlation: any directional analogies are completely random.

The concept of correlation is fundamental when it comes to investment diversification. For effective diversification, the financial products in the portfolio should be as “unrelated” as possible to each other.

Programming language: Python
Available for all versions of Python
Libraries needed:
- Pandas
- Pandas Datareader
- Datetime
- Math

STEPS TO START OUR SCRIPT TOOLS:
1) INSTALL PYTHON
2) INSTALL THE NECESSARY LIBRARIES FROM THE COMMAND PROMPT
3) OPEN THE FILE CONTAINING THE TOOL
4) SET UP THE TOOL ACCORDING TO THE NEED OF THE INVESTOR
5) START THE TOOL

Each of our tool scripts is designed to be easily used by all those who have no knowledge in programming.

Python
1000 Items

Specific References