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How to create a correlation matrix of several securities

Updated on 2011-02-24 04:13:03

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- Create a new dashboard by selecting "Tools" then "New Dashboard".
- Type a name then click on "Save".
- Right click on the dashboard then select "Create a pivot table".
- Right click on the pivot table and select "Update Rows/Columns/Values".
- Add a new row and a new column in the "Create Pivot Table" form.
- Select the "Symbols" tab for the new row and new column then type few symbols (The symbols you want to use in the correlation matrix)
- Click on the Plus icon near "Values", update its name then sets the following formula: Correl(close, SYMBOL, 30)
- In the "Select Dates" panel, select "Last 1 Day".
- Click on "OK" to save settings.
- Right click on the Pivot table then select "Perform Calculation".

Updating Colors:
Right click on the pivot table and select "Update Table Settings".
In the Colors panel, select "Higher than 0.5" -> color Green and under it select "Lower or equal to 0.5" -> color Red.
Click on "OK", and then perform the calculation again.

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