Whats is stock correlation or similarity?

The similarity of assets, or correlation, is a statistical measure on how the two securities move in relation to each other. Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. 1 indicates a strong positive relationship between securities and implies that as one security moves, either up or […]

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How to Analyze ETFs?

At Unicorn Bay we have at least 2 tools for ETF analyzing. You can use very useful ETF tool for reverse analyzing: Find ETF by Stock for Free . It’s easy to find ETFs by stocks their contain and sometimes you can find similar ETFs here. Any ETF on Unicorn Bay service, for example, VWO […]

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