Trading
Correlation
QUICK DEFINITION
Correlation in Elliott Wave Theory: The statistical measure of how two securities move in relation to each other. Low correlation between portfolio holdings reduces risk during unexpected wave invalidations.
What Correlation Means
The statistical measure of how two securities move in relation to each other. Low correlation between portfolio holdings reduces risk during unexpected wave invalidations.
Where You'll See It
Correlation appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the trading family of Elliott Wave concepts and shows up most often when analysts are translating a wave count into an actual trade setup with entry, target, and invalidation.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments