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What correlates with cooper?


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What correlates with cooper?

  #1 (permalink)
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What correlates with cooper?

What thing(s) correlate with copper or inversely correlate with copper?

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  #3 (permalink)
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Copper is called: 'Dr Copper' for a good reason isn't it?
So it correlates with industrial activity and expansion of the infrastructure (road, highway, airport etc.) and the home market activity and more recently with Electric Vehicule:
https://www.investopedia.com/terms/d/doctor-copper.asp

Can you be more specific on your questions? At my level of interest it correlates with Materials eg Stoxx 600 Europe Basic Resources and I monitor the correlation between copper and gold and in a certain way but with a delay in one direction or the other with major indexes as S&P500 and of course there is a correlation with the usd index and with oil price.
https://www.yardeni.com/pub/coppercorrel.pdf

In one word it is on the top of my radar....particularly in the current period...


Last edited by Sagal; June 9th, 2019 at 08:33 AM.
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  #4 (permalink)
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Copper correlation

The following link contain future market correlations for the last 180 days


https://www.mrci.com/special/correl.php


/HG shows correlation to /YM (expected) and both Live/feeder cattle, lol

Not sure why feeder cattle would be correlated with copper, but these things do happen, until they don't, like the rest of the
market. Maybe a demand for beef indicates expansion which then takes copper..

Have fun.


Bill

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  #5 (permalink)
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OANDA Currensee correlations

look here for pure statistics:

https://www1.oanda.com/lang/de/forex-trading/analysis/currency-correlation

...hourly, daily, etc...unfortunately it does not tell you cause and effect

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  #6 (permalink)
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ALC77 View Post
What thing(s) correlate with copper or inversely correlate with copper?

I checked the data base of MRCI. (By the way, a service I strongly recommend for seasonal charts, volatility charts, and correlations.)

Currently there are 4 commodities with a correlation to copper of 67 - 69 % for the previous 180 trading days: BP, PL, LC, and FC.

Best regards, Myrrdin

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  #7 (permalink)
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There will never be direct correlation...

but a good rule...if u want up or dn....it will be close to indexs...ES/NQ....when a move round about starts....check Dec 24th bounces indx ...Dr Copper....

its related n sametime not related....rollovers...on metals work different than indexs....their hedges by producers and commercials on metals HAS to be different....hence i word this...as there is a relation n not. u cannot do this blindly.

hence if u follow the Dr....a good rule ...if u may want to follow which side Retail is on....that will keep you away from the bad trades .....so in effect dissect COT.

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  #8 (permalink)
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Here is a correlation chart for Futures. Its updated with current contracts.

Robert

https://www.mrci.com/special/correl.php

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