After been slaughtered by bears as many, I did my homework to find some relationship with data. By using correlation coefficient , I got as follows:
CORRELATION
PRODUCTION/FUTURE CONTRACT1 1997-2019: -0,546068986
EXPORT/FUTURE CONTRACT1 1997-2019: -0,225406774
SPARK SPREAD/FUTURE CONTRACT1 1997-2019: -0,359737539
STORAGE/FUTURE CONTRACT1 1997-2019: -0,103515712
TWDD/CHRIS/CME_NG1 2014-2019: 0,165002311
CONSUMPTION/FUTURE CONTRACT1 2001-2019: -0.250352273
The range from −1 to +1, where ±1 indicates the strongest possible agreement and 0 the strongest possible disagreement
Better to flip a coin!
Any advice will be appreciated
CORRELATION
PRODUCTION/FUTURE CONTRACT1 1997-2019: -0,546068986
EXPORT/FUTURE CONTRACT1 1997-2019: -0,225406774
SPARK SPREAD/FUTURE CONTRACT1 1997-2019: -0,359737539
STORAGE/FUTURE CONTRACT1 1997-2019: -0,103515712
TWDD/CHRIS/CME_NG1 2014-2019: 0,165002311
CONSUMPTION/FUTURE CONTRACT1 2001-2019: -0.250352273
The range from −1 to +1, where ±1 indicates the strongest possible agreement and 0 the strongest possible disagreement
Better to flip a coin!
Any advice will be appreciated
Note
PREVIOUS DAY OPEN INTEREST/FUTURE CONTRACT1 2001-2019: 0.020351857908757
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.