wheater, storage, production....what makes Ng move?
Updated
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
Comment
PREVIOUS DAY OPEN INTEREST/FUTURE CONTRACT1 2001-2019: 0.020351857908757
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