average composite index - Trading Software

average composite index

david zaitzeff
2011-04-19 16:31:23

I am new to using quantshare. I came across a trading object called the average composite index which measures the average correlation of constitutent stocks to the index such as the S&P index itself. Then I try to view it and I get a chart that is 1 and stationary over time. What is wrong?

QuantShare
2011-04-20 05:30:55

Hi,

If you look at the composite formula you can see that it uses the symbol: "^GSPC" (S&P 500).

You have to:
- Add symbol "^GSPC" (S&P 500)
- Download data for S&P 500 (Using the default downloader)
- Re-calculate the composite

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