Is there a Charting Site that can Beta Weight Stocks

Discussion in 'Technical Analysis' started by ysettle, Sep 21, 2019.

  1. ysettle

    ysettle

    I like to pair trade and find that often, its not as simple as taking stock A-stock B or even Stock A/ Stock B. that might work for XOM/CVX but if I am looking at 2 banks and one has a beta of 1.25 and the other a beta of .75, then simply looking at most charting packages wont give me a true reflection of the price action

    does anyone know a website where I can bring up a chart of Stock A/Stock B but use beta weightings for each stock. For example if both stocks are at 100 and they both go to 102. the stock with the lower beta is out-performing, so I would want to see that reflected on the chart


    Thanks in advance
     
  2. themickey

    themickey

  3. ysettle

    ysettle

    Thanks but o am looking to chart the ratio of stockA over stock B but beta weighted
     
  4. 25-5 1133 AC, 1170 ANA
    26-5 1170 ANA, 1245 AC
    27-5 1258 AC
     
  5. ysettle

    ysettle


    Not quite sure how to read that

    Anyway, if AAPL had twice the beta of SPY than the chart would theoretically divide AAPL stock price by 2 and would show a chart of Aapl divided by 2 divided by SPY
     
  6. drm7

    drm7

    You can chart spreads/ratios with any weightings you want on Tradingview.

    Just enter 2*SPY/AAPL in the box. It will NOT automatically pull in the beta and chart it, though - you have to manually key in the ratio.
     
  7. ysettle

    ysettle

    tried Traing View but it didnt give me a ratio it gave me a negative number as if i was subtracting one from the other....is there a specific way to do this????
     
  8. drm7

    drm7

    If I put AAPL/2*SPY it will give me a ratio. If I put AAPL - 2*SPY it will subtract.

    upload_2019-9-22_21-33-29.png
     
  9. ysettle

    ysettle

    @drm7 Thank you so much - wasnt using the () so was getting bad values......Much appreciated !!!