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Jim,
Its part of an idea I am working on but the need is to look at 2 correlated
indicies to determine the purchase /short of a correlated stock. In order
to do this I need to insure that there the proper relationship among all
three prior to taking a trade.
Regards,
Chris
-----Original Message-----
From: Jim Johnson <jejohn@xxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; Chris Emery
<cemery1@xxxxxxxxxxxxx>
Date: Saturday, August 31, 2002 8:29 AM
Subject: Re: Correlation of three data series
Hello Chris,
The concept of three variable's correlating isn't one I've heard of.
Obviously what you suggest (an inter-correlation matrix) is doable and
useful for understanding the co-variation among three or more
variables. How you use it depends mainly on what it is you are trying
to do or learn. Tell us more.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Saturday, August 31, 2002, 8:14:54 AM, you wrote:
CE> Dear List,
CE> Is there a formula for correlating 3 data series?
CE> I guess one could take the correlation of datas 1&2, 1&3 and 2&3, weight
CE> them according to which combinations do not contain the dependant
variable
CE> but I am unsure if this would be the correct way to go about it. Any
CE> thoughts would be greatly appreciated.
CE> Regards,
CE> Chris
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