Is there any indicator that tells you how closely is one stock following an index [or another stock]? Or one measures the lag/lead relationship between a stock and an index [futures]?
Thanks for the reply, I've seen markettopology before... excellent site... however this isn't exactly what I'm looking for... I'm looking something that tells me the beta coheficient based on intraday [not end of day] data...
why not calculate it yourself ? I believe you could figure out lag/lead based on changes to your calculated beta throughtouy the day
Care to expand? - Yayt I've though about it, but I want to make sure there's not an indicator already developed and commercially available before going and developing my own...