The Odds in the Financial Sector: Damned If You Do, Damned If You Don't [View article]
UYG and SKF seem to mirror closely per centage wise, especially over time windows of a few days. Even at this low level for UYG; if it goes up +25%, skf will go down close to 25%. I have seen a few days where they did not track that well but most time they correlate IMO.
On Nov 21 05:59 PM hoodamac wrote:
> the charts/analysis dont work with these etfs together. take a look > at historical prices. skf when it was back at 150, uyg was 18? if > skf goes back to 150 uyg will now be around 7. dont trust my numbers > here, i am just throwing them out from memory. Look at it yourself > and you will see. there is something worng here.
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UYG and SKF seem to mirror closely per centage wise, especially over time windows of a few days. Even at this low level for UYG; if it goes up +25%, skf will go down close to 25%. I have seen a few days where they did not track that well but most time they correlate IMO.
Nov 22 16:10 pm
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All Comments by sf94127 »The Odds in the Financial Sector: Damned If You Do, Damned If You Don't [View article]
On Nov 21 05:59 PM hoodamac wrote:
> the charts/analysis dont work with these etfs together. take a look
> at historical prices. skf when it was back at 150, uyg was 18? if
> skf goes back to 150 uyg will now be around 7. dont trust my numbers
> here, i am just throwing them out from memory. Look at it yourself
> and you will see. there is something worng here.