I'm trying to do a bit of backtesting - and need a list of the top 50 US stocks that are the most closely correlated to the Dow. I believe there are software programs that can produce such a list (e.g. Optionetics Platinum), but sadly I don't have any! So if anyone can help - I'd appreciate it so much!!! Thanks!!!
2007-02-09 13:07:14 · 6 answers · asked by Dawn 1 in Business & Finance ➔ Other - Business & Finance
I'm doing some backtesting - and need a list of the top 50 US stocks that are the most closely correlated to the Dow.
Although there are 30 stocks making up the DOW - apparently in a list of 50 most correlated stocks only 7 listed in the DOW are closely correlated.
I believe there are software programs that can produce such a list (e.g. Optionetics Platinum has such a function), but sadly I don't have any! So if anyone has such a program and can produce such a list - I'd appreciate it so much!!! Thanks!!!
2007-02-09 13:52:24 · update #1
3M Co, Alcoa Inc., Altria Group Inc., American Express Co., American International Group Inc., AT&T Inc., Boeing Co., Caterpillar Inc., Citigroup Inc., Coca-Cola Co., E.I. DuPont de Nemours & Co., Exxon Mobil Corp., General Electric Co., General Motors Corp., Hewlett-Packard Co., Home Depot Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Johnson & Johnson, JP Morgan Chase & Co., McDonald's Corp., Merck & Co. Inc., Microsoft Corp., Pfizer Inc., Procter & Gamble Co., United Technologies Corp., Verizon Communications Inc., Wal-Mart Stores Inc. and Walt Disney Co. The weightings are given at the source (see below). That's the 30 mentioned by another answerer.
2007-02-09 13:37:24 · answer #1 · answered by Stag S 5 · 0⤊ 0⤋
Well, since the DJIA is a composite of 30 stocks, why not just use that? Why 50?
2007-02-09 13:16:34 · answer #2 · answered by gabluesmanxlt 5 · 0⤊ 0⤋
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2016-09-28 21:47:15 · answer #3 · answered by ? 4 · 0⤊ 0⤋