MarketTrak Question/Comment Message


Posted By: Kuwait   Date: Thu Mar 15, 2012

Title: Can your ANO Network Forecast S&P

Message:
  Hi
  Can your ANO Network Forecast S&P or an individual stock ?
  Thank you

Response:
  The DJIA and the SP500 are highly correlated. This means that the forecast for the DJIA can be used for the SP500. Click here to see some data on this.

  I really don't have any experience using the forecast to time an individual stock but I imagine it would be okay if the correlation coefficient between the DJIA and the stock is large, say greater than 0.95.

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