I am looking for a way to find correlations between lesser known instruments... Would plugging IB's API into Excel, harvesting the data and performing the necessary calculations do the trick? Can anyone suggest an easier way or know of a program that already exists? I am a programming novice - so would rather not go into the excel bit - but will do if it is necessary. Thanks for the help! Ben
It might be a start: http://www.gummy-stuff.org/30-correlations.htm Another member pointed out this website: http://www.market-topology.com/ This is a wonderful site. I just wish he allowed more features and criteria inputs for custom screens, say by a volume threshold. Unless I'm missing something, the majority of returned correlated stocks shown from a query are ETF's, etc.
Forgot this one. Still a canned website, but very good for quick correlations and stock info: http://www.spdrindex.com/correlation/