What future product has the least

Discussion in 'Index Futures' started by Ansare, Feb 2, 2012.

  1. Ansare


    correlation to /ES? Certainly know there's nothing that represents an inverse relationship like SSO/SDS (well, in theory anyway) but rather whatever future product correlates least to /ES. As far as I know futures don't have a beta rating thus the question.

    Thanks very much.
  2. bone

    bone ET Sponsor

    NCIT is a small cap NASDAQ company that currently has the highest five year negative correlation for any publicly traded financial instrument as compared to the ES future.

    I am not saying that is an edge per se, just stating a statistical fact.