Professional Documents
Culture Documents
How Does Correlation Affect The Stock Market?
How Does Correlation Affect The Stock Market?
How Does
Correlation Affect
the Stock Market?
!" #CLAIRE BOYTE-WHITE #$%&'()&#*)+),-).
/01#2022
78..)9'(58:1#-"#5(;)9<1#+'::8(#'<<)+(#(=)
;(8+>#,'.>)(#-)+'?;)#5(#5;#;5,%9"#(=)
&)@.))#(8#6=5+=#(68#(=5:@;#'.)#8-;).4)&
(8#-)='4)#5:#(=)#;',)#6'"A#B86)4).1#(=)
+8..)9'(58:#-)(6)):#(=)#'+(545("#8<#(68
;(8+>;1#8.#-)(6)):#'#;(8+>#':&#(=)
%).<8.,':+)#8<#'#@54):#5:&)C1#;)+(8.#8.
5:&?;(."1#+':#-)#'#4)."#5,%8.(':(#<'+(8. TRADE
5:#&)4)98%5:@#'#%.?&):(#5:4);(5:@
TABLE OF CONTENTS
;(.'()@"A#D(8+>#':'9";(;#?;)#'#,)';?.)
+'99)&#(=)#+8..)9'(58:#+8)<<5+5):(#(8
,'>)#%.)&5+(58:;#'-8?(#=86#'#;(8+>#6599
-)='4)#-';):#%';(#%).<8.,':+)#':&
(=)#'+(545("#8<#':8(=).#;)+?.5("#65(=
6=5+=#(=)#;(8+>#5:#E?);(58:#=';#-)):
;=86:#(8#+8..)9'()A
;(.'()@"A trustmoore.com
D(8+>#':'9";(;#?;)#(=)
+8..)9'(58:#+8)<<5+5):(#(8
OPEN
,)';?.)#-8(=#(=)#&)@.))#':&
&5.)+(58:#8<#(=)#+8..)9'(58:
-)(6)):#':"#(68#;(8+>;A
G=)#+8..)9'(58:#+8)<<5+5):(#+':
F&4).(5;),):(
-)#':"6=).)#-)(6)):#IJ#':&#J1
(=8?@=#5(#5;#'9,8;(#'96'";#5:
-)(6)):A#F#+8)<<5+5):(#8<#0
5:&5+'();#:8#.)9'(58:;=5%
6='(;8)4).A
G=)#+8..)9'(58:#+8)<<5+5):(#+':
-)#?;)&#(8#;)9)+(#;(8+>;#5:
&5<<).):(#5:&?;(.5);#(='(#():&#(8
,84)#5:#(':&),1#8.#(8#;)9)+(
;(8+>;#65(=#'#:)@'(54)
+8)<<5+5):(#;8#(='(#5<#8:)#;(8+>
<'59;1#(=)#8(=).#5;#95>)9"#(8#@)(#'
-88;(A
Indonesia
GKInvest
How and Why Do Stocks
Correlate? F&4).(5;),):(
Indonesia
GKInvest
L8;(#;(8+>;#='4)#'#+8..)9'(58: GKInvest Indonesia
;8,)6=).)#5:#(=)#,5&&9)#8<#(=)#.':@)1
65(=#'#+8)<<5+5):(#8<#0#5:&5+'(5:@#:8 Sukses Trading
.)9'(58:;=5%#6='(;8)4).#-)(6)):#(=)
(68#;)+?.5(5);A#G=)#;(8+>#8<#'#;8<(6'.)
Buat Pemula
+8,%':"1#<8.#)C',%9)1#,'"#='4)#95((9)#(8 Kuasai dasar analisa teknikal trading,
:8#+8..)9'(58:#65(=#(=)#;(8+>#8<#'#+='5: download ebook tutorial trading lengkap
8<#'?(8#%'.(;#;(8.);#-)+'?;)#(=)
Buka
-?;5:);;);#8%).'()#;8#&5<<).):(9"A#M8.
)C',%9)1#(=)#'?(8#%'.(;#;(8.)#+8,%':"
=';#'#,?+=#=5@=).#&)%):&):+)#8:#(=)
,84),):(#8<#%=";5+'9#@88&;#(=':#(=)
;8<(6'.)#+8,%':"A
!?(#)4):#;?+=#<?:&',):('9#&5<<).):+);
,'"#:8(#)C%9'5:#+8..)9'(58:;#8.#(=)#9'+>
8<#(=),A#L8.)#8<():#(=':#:8(#;(8+>;
;=86#+8..)9'(58:#8<#%.5+)#,84),):(
-)+'?;)#8<#=86#5:4);(8.;#.);%8:&#(8
(=),A#M8.#)C',%9)1#L+*8:'9&;#NL7*O
':'().%599'.#N7FGO#8%).'()#4)."
&5<<).):(#-?;5:);;);1#-?(#(=)5.#;(8+>;#'.)
8<():#=5@=9"#+8..)9'()T).#(5,)
-)+'?;)#-8(=#'.)#+8,%8:):(;#8<#,'P8.
,'.>)(#5:&)C);A
=()"*%&9"1'.$>**"(%'.2*
?@8!?8A>B
LEARN MORE
Q=):#;(8+>;#='4)#'#+8..)9'(58:
+8)<<5+5):(#8<#01#5(#&8);#:8(#,)':#(=)"
:)4).#-)='4)#5:#(=)#;',)#6'"R#.'(=).1#5(
,)':;#(='(#(=)"#'.)#';#95>)9"#(8#,84)
&5<<).):(9"#';#(=)"#'.)#(8#,84)#(8@)(=).1
,'>5:@#(=),#?:%.)&5+('-9)A#B86)4).1
(=5;#'9;8#,)':;#(=).)#5;#9);;#95>)95=88&
(='(#,':"#:8:+8..)9'()&#;(8+>;#6599#<'59
;5,?9(':)8?;9"A
7=88;5:@#'#4'.5)("#8<#;(8+>;#65(=
&5<<).):(#&)@.));#':&#&5.)+(58:;#8<
+8..)9'(58:#5;#8:)#8<#(=)#,8;(#+8,,8:
':&#)<<)+(54)#&54).;5<5+'(58:#;(.'()@5);A
G=)#.);?9(#5;#'#%8.(<8958#(='(#&5;%9'";#'
@):).'9#?%6'.&#(.):&1#;5:+)1#'(#':"
@54):#(5,)1#'(#9)';(#8:)#;)+?.5("#;=8?9&
-)#&85:@#6)99#)4):#5<#8(=).;#'.)#<'595:@A
7':#(=)
78..)9'(58:
78)<<5+5):(
W.)&5+(#D(8+>
L'.>)(
3)(?.:;S
W'.(:).#V5:>;
Q='(#*8
78..)9'(58:
78)<<5+5):(;
W8;5(54)1
Y)@'(54)1#':&
[).8#L)':S
[).8#L)':S
MATH AND
STATISTICS
7'9+?9'(5:@
784'.5':+)
<8.#D(8+>;
PORTFOLIO
CONSTRUCTION
*8);#'
:)@'(54)
+8..)9'(58:
-)(6)):#(68
;(8+>;#,)':
':"(=5:@S
COMMODITIES
78,,8&5(5);\
G=)#W8.(<8958
B)&@)
PORTFOLIO
CONSTRUCTION
Q="#L'.>)(
78..)9'(58:
L'(().;
GKInvest Indonesia
BUKA
Ebook Panduan Trading
3)9'()&#G).,;
784'.5':+)\#M8.,?9'1
784'.5':+)\#M8.,?9'1
*)<5:5(58:1#G"%);1#':&
UC',%9);
784'.5':+)#5;#':#)4'9?'(58:#8<#(=)#&5.)+(58:'9
.)9'(58:;=5%#-)(6)):#(=)#.)(?.:;#8<#(68
';;)(;A #,8.)
W8;5(54)#78..)9'(58:\#Q='(#H(#H;1
B86#(8#L)';?.)#H(1#UC',%9);
W8;5(54)#+8..)9'(58:#5;#'#.)9'(58:;=5%#-)(6)):
(68#4'.5'-9);#5:#6=5+=#-8(=#4'.5'-9);#,84)#5:
(':&),A# ,8.)
Y)@'(54)#78..)9'(58:\#B86#5(
Q8.>;1#UC',%9);#F:&#MF]
Y)@'(54)#+8..)9'(58:#5;#'#.)9'(58:;=5%#-)(6)):
(68#4'.5'-9);#5:#6=5+=#8:)#4'.5'-9)#5:+.)';);
';#(=)#8(=).#&)+.)';);1#':-+)#4).;'A #,8.)
!):+=,'.>#<8.#78..)9'(58:
Z'9?);
F#-):+=,'.>#<8.#+8..)9'(58:#4'9?);#5;#'#%85:(
8<#.)<).):+)#(='(#':#5:4);(,):(#<?:&#?;);#(8
,)';?.)#5,%8.(':(#+8..)9'(58:#4'9?);#;?+=#';
-)('#8.#3I;E?'.)&A #,8.)
G=)#78..)9'(58:#78)<<5+5):(\
Q='(#H(#H;1#Q='(#H(#G)99;
H:4);(8.;
G=)#+8..)9'(58:#+8)<<5+5):(#5;#'#;('(5;(5+'9
,)';?.)#8<#(=)#;(.):@(=#8<#(=)#.)9'(58:;=5%
-)(6)):#(68#&'('#4'.5'-9);A #,8.)
Q='(#H;#7.8;;I78..)9'(58:S
*)<5:5(58:1#B86#H(^;#$;)&1#':&
UC',%9)
7.8;;I+8..)9'(58:#5;#'#,)';?.),):(#(='(
(.'+>;#(=)#,84),):(;#84).#(5,)#8<#(68
4'.5'-9);#.)9'(54)#(8#)'+=#8(=).A #,8.)
F-8?(#$; G).,;#8<#$;) *5+(58:'."
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z