Alpha#50
Type:
alpha_50• Category:indicators
Description
Alpha#50 - negative max of ranked correlation.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
volume | string | select the column with volume | no | |
vwap | string | select the column with VWAP | no |
Help
Alpha#50
Description
Alpha#50 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the negative maximum of ranked correlation.
What does this worker do?
This worker calculates the Alpha#50 indicator, which is a measure of the negative maximum of ranked correlation. It uses price data, volume, and VWAP (Volume-Weighted Average Price) to compute this indicator.
How to interpret the results
The Alpha#50 indicator provides a measure of the negative maximum of ranked correlation. A higher value indicates a stronger negative correlation, while a lower value indicates a weaker negative correlation.
Parameters
The following parameters are required to compute the Alpha#50 indicator:
- dataExp:
price data- Type: DataFrame
- Description: Price data used to compute the indicator
- volume:
select the column with volume- Type: string
- Description: Column name with volume data
- vwap:
select the column with VWAP- Type: string
- Description: Column name with VWAP data
Usage
To use this indicator, simply provide the required parameters and run the worker. The output will be the computed Alpha#50 indicator.
Visualizing the Indicator
The following GIFs demonstrate how to use the Alpha#50 indicator:
Reference
For more information on the Alpha 101 indicators, please refer to the publication:
- 101 Formulaic Alphas by Zura Kakushadze
This publication provides a comprehensive overview of the 101 formulaic alphas, including the Alpha#50 indicator.