correlation coefficient stocks in different stock markets

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    gnellas77
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    hi gentlemen, i have a question,

    i m looking for stocks that have high correlation so when one market closes eg germany-dax40 i can invest in them in another market lets say us market-nasdaq which opens after the close of the german stock market.

    for this reason i found mercedes-benz in dax40 which has a correlation of 84% in nasdaq with a ticker of mercedes-benz ddaif.

    my question is: what does this ticker stand for? is it the same stock traded simultaneously in us stock market? can i apply the strategy above?

    thank you.

    #194963 quote
    Nicolas
    Keymaster
    Master

    After a small research on the web, I found that Mercedes-Benz hold many different cars company (such as Daimler = DDAIF), so that’s not the same share listed as the one in DAX40.

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correlation coefficient stocks in different stock markets


General Trading: Market Analysis & Manual Trading

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
3 years, 8 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 06/07/2022
Status: Active
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