I want to find the stocks that follow index and those that doesn't. How ? One way is to make spreads for each stock and look at those charts. That will that a long time, and how do I compare them to see which is closer to index ? Isn't there any indicator that shows how close a stock follows index ?
You will want to calculate the correlation between the stock and the index. See link: http://www.linkedin.com/answers/financial-markets/equity-markets/MKT_EQU/414334-39033806
That's very complicated. Isn't there any tool or indicator in any ta-program ? Any tool or scan that can be used to sort stocks relative to any index. There is this Relative Strength, but I can't find it in my program.