Spearman correlation is an alternative to the Pearsons correlation and correlates based on the ranking of the series values . Used for IPV Auto Indexed Series or Price Series and synchs the dates of the two series before computing the correlation.

 

Syntax:

SpearmanCorrelationSync( series1, series2, bars )

 

Parameter:

Description:

series1

Name of first data series

series2

Name of second data series

bars

Number of bars over which to find the correlation.

 

Returns:

The correlation over the specified number of bars.

 

Example:

 

 

Links:

 

 

See Also:

 

 


 

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