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Thread: New Robot model ?

  1. #31
    Join Date
    Dec 1969
    Location
    Brussels, Belgium
    Posts
    1,999
    Quote Originally Posted by Pascal View Post
    XOP/XLE are correlated by 0.94

    XLE and IWM are correlated by 0.66 XLE/GDX: 0.55
    XOP/IWM: 0.66 XOP/GDX: 0.50

    Since I have all the underlying for XLE, while I still would have to include many small stocks for XOP, since ERX/ERY are 100% correlated to XLE, while DIG/DUG are only 0.94 correlated to XOP,
    and finally, since the volume is 4 times higher on XLE...

    I believe that I will try to work out the XLE robot.

    Pascal
    Pascal,

    As you already know, I am 100% in agreement with you for this choice. ERX and ERY are the most fascinating triple leveraged ETFs for highly powerful trend-following trades.
    Billy

  2. #32
    Join Date
    Dec 1969
    Location
    Kalmthout, Belgium
    Posts
    35
    I agree as well. There isn't that much difference between XOP and XLE so that should not be an issue.

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