I want to calculate the Beta for some stocks or indices but the Beta Indicator doesnt works! Moreover, i tried to create a custom indicator using BetaSeries function but again i dont have any result.
Any idea about how can i calculate Beta on Wealth-Lab 4.0?
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But the Beta indicator does work. Do you have the index data that the indicator requires to calculate beta?
Note: You have posted in the .NET (Version 5) forum.
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Hi All,
I notice with the beta and correlation calculations the formulae is being driven off the close price, is it not more correct to work beta and correlation off the return (%) of the close?
Regards
Mick
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Mick,
Internally, the Beta indicator works with the rate of change (%) of the Bars objects.
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you beauty!!
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You're welcome.
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