It is very easy to conduction correlation analysis in KlickAnalytics. We provide various tools to conduct correlation matrix within index members, major market groups, and more. e.g. If you want to view the correlation among say Dow Jones index stocks, you can do the following
Click on 'Menu'
Click on 'Collections'
Click on 'Markets Groups'
From the first drop down, select 'Dow Jones'
From the second drop down, select 'Correlation Matrix'
The above will provide you you
the correlation matrix among stocks within Down Jones
Correlation matrix will display in either green and red color based heatmaps. The higher the green means the mostly correlations.
In addition, the app will display a quick table displaying
stock close price,
1 day change,
1 day change %,
Trend i.e. Up/Down/No Change,
and Days that represent the # of days the stock is either Up/Down or No change
View: Correlation Matrix
