Cool. Not sure how useful it is considering what other commenters said, but is there anything like this for indices or currencies? Also, typo: Higest -> Highest
I also have some currencies in the database. You can suggest other ones.
Show HN: Find the 10 highest and 10 lowest correlations to any stock
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Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#142Seems like an interesting project, but so far the UX isn't great. The searching UI for companies has no loading or success/failure indicators. A note on performance - waiting an extra second before firing the search request can help take some of the load off the server, along with cancelling requests after I change the search. Some requests time out, and others return no results (e.g. HOOD, TLRY). For other requests…
Thanks for your feedback. I think the server was just overwhelmed.
Normally, the search works instantly. Even though, I am located in Germany and the server is located in the US.
I debounce the search for 250ms.
Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#143Searching “By industry” doesn’t make a lot of sense. Do you mean “within the same industry”? Mispelling “higest” in tab. A convenient tool. I’m restricted from trading in my employer’s stock. There are no rules about trading in a highly correlated proxy.
I changed your suggestions (and the typo). THX.
Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#144Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#145Very interesting results for tesla for example.
So can it make sense to buy a stock with very low correlations as "stabilisator" for example?
Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#146Great project! Even more so, congrats on shipping something! A little tip from someone who dabbles in algorithmic trading, look into cointegration as well as correlation. Also, the cross correlation matrix changes over time, you can have great fun seeing spikes and convergence/divergence as markets tend to get more or less correlated reacting to real life events.
any success algorithmically trading SPY?
Actually? Yeah. Though "kinda". I don't have a large enough sample size to determine how much is luck and how much isn't. And I'm too cheap about purchasing data. If I could give one condensed tip after a few years of experiments: "never buy a stock, sell a put. never sell a stock, sell a call". The residuals from that options premium, over time, were greater than anything else I made trying to be "more clever using math".
Re: Show HN: Find the 10 highest and 10 lowest correlations to any stock
#147FYI, the link in the copyright/footer is broken.