The S&P 500 ETF (SPY) and the Commodity Index Fund ($DBC) have been positively correlated for almost all of the last 12 months. As the indicator window shows, the Correlation Coefficient (SPY,DBC) dipped into negative territory only twice and spent most of the time above .50. The red dashed line shows SPY and the bar chart shows DBC moving together as well.
Click this image for a live chart.
Click this image for a live chart.
Is only the SPY able to overlay, or can we add a different index/commodity/equity? I'm a basic member. Thanks
Art's Response: You can use any symbol as an overlay. Choose "price" from the indicator list, enter a symbol in the parameters box and then position it "behind price".
Posted by: Sheldina Brunner | September 21, 2012 at 06:37 AM