Alpha#48
Type:
alpha_48• Category:indicators
Description
Alpha#48 - neutralized correlation indicator.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
close | string | select the column with closing prices | no |
Help
Alpha#48: Neutralized Correlation Indicator
Description
Alpha#48 is a neutralized correlation indicator used in investing strategies, specifically in the 101 Formulaic Alphas framework. This indicator is designed to help investors make informed decisions by analyzing the correlation between price movements.
What does this worker do?
The Alpha#48 worker calculates a neutralized correlation indicator using the provided price data. This indicator helps investors identify potential trading opportunities by analyzing the correlation between price movements.
How to interpret the results
The results of the Alpha#48 worker can be interpreted as follows:
- A positive value indicates a positive correlation between price movements.
- A negative value indicates a negative correlation between price movements.
- A value close to zero indicates no significant correlation between price movements.
Parameters
The following parameters are required to use the Alpha#48 worker:
Parameters Table
| Parameter | Type | Description |
|---|---|---|
| dataExp | DataFrame | Price data |
| close | string | Column name with closing prices |
Usage
To use the Alpha#48 worker, follow these steps:
- Provide the price data in the
dataExpparameter. - Specify the column name with closing prices in the
closeparameter.
Visualizing the Indicator
The following images demonstrate how to use the Alpha#48 worker:
Reference
For more information on the 101 Formulaic Alphas framework, please refer to the publication:
- Kakushadze, Z. (2016). 101 Formulaic Alphas. arXiv preprint
This publication provides a comprehensive overview of the 101 Formulaic Alphas framework, including the Alpha#48 neutralized correlation indicator.