|Works:||Executive Personal Assistant at Ho Chi Minh City D-1 Finance Center|
In this article, we will analyze the concept of correlation between variables, as well as methods for the calculation of correlation coefficients and their practical use in trading. Correlation is a statistical relationship between two or more random variables (or quantities which can be considered random with some acceptable degree of accuracy). Changes in one ore more variables lead to systematic changes of other related variables.
The article deals with evaluating the performance of Signals Providers. We offer several additional parameters highlighting signal trading results from a slightly different angle than in traditional approaches. The concepts of the proper management and perfect deal are described. We also dwell on the optimal selection using the obtained results and compiling the portfolio of multiple signal sources.