Alpha#85

Type: alpha_85 • Category: indicators

Description

Alpha#85 - power of correlations.

Parameters

Name	Type	Description	Required	Default
dataExp	string	price data	no
high	string	select the column with highest prices	no
close	string	select the column with closing prices	no
volume	string	select the column with volume	no

Help

Alpha#85: Power of Correlations

Description

Alpha#85 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the power of correlations.

What does this worker do?

The Alpha#85 worker calculates the power of correlations using price data, high prices, closing prices, and volume. It is designed to help investors identify potential trading opportunities by analyzing the relationships between different market data.

How to interpret the results

The results of the Alpha#85 worker can be used to identify stocks or assets with high correlation power. A higher correlation power may indicate a stronger relationship between the market data, which can be used to inform investment decisions.

Parameters

The following parameters are required to run the Alpha#85 worker:

• dataExp: price data
  • Type: DataFrame
  • Description: Price data used to calculate the power of correlations
• high: select the column with highest prices
  • Type: string
  • Description: Column name with highest prices
• close: select the column with closing prices
  • Type: string
  • Description: Column name with closing prices
• volume: select the column with volume
  • Type: string
  • Description: Column name with volume data

Usage

To use the Alpha#85 worker, simply provide the required parameters and run the worker. The worker will calculate the power of correlations and return the results.

Visualizing the Indicator

The following GIFs demonstrate how to use the Alpha#85 worker:

Reference

For more information on the 101 Formulaic Alphas, including Alpha#85, please refer to the publication by Zura Kakushadze:

• 101 Formulaic Alphas by Zura Kakushadze