
CorrelScan Beta Version Changes
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TeleChart 2005 compatibility added |
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Add option to color connecting lines according to (1) Correlation Coefficient, (2) Number of Standard Deviations of relative difference between the items in pair, (3) Angle of the relative difference between the items in the pair and (4) Risk adjusted return. Options (2) to (4) represent a major change to CorrelScan, making it much more useful for pairs trading. Items that have a large relative difference and a normally high correlation should tend to come together, so opposing positions can be taken on them. Details will be provided in the upcoming help file update. |
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Addition of alpha, beta, standard error and risk adjusted return to data tables. |
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Right-clicking on connecting lines allows you to bring up a chart showing the price history of the two items superimposed on each other. |
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Line width, sphere size and font size can be modified on the main form, and become part of the settings file, so they can be varied from one project to the next. |
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Update sphere drawing routine |
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