EdgeWare FastGraph Version 3 User Manual
Page 36
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The following chart shows the low, even negative correlation between Fidelity Select Air
Transportation and Select Energy Service. The type of correlation shows why the pairing
of these two funds using AccuTrack has been a very successful trading strategy.
Correlation analysis can be used to show inter-market relationships. The following graph
shows the relationship between the Dollar Index and the price of gold:
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