Ratios / Spreads / Correlations< Browse all Support Topics
YCharts allows it’s users to easily create a ratio, spread, or correlation between any two of the 4,000+ financial metrics for a stock, or between a financial metric and an economic indicator. To reach Spreads/Ratios/Correlations click on the Fundamental Chart area when hovering over “Tools.” From there you will want to click on “Create New” directly below “Ratios / Spreads / Correlations.”
Once the pop-up appears, to add a financial metric type the ticker into the “Security” box and type the financial metric you’re interested in into the “Metric” box. If you are adding an economic indicator, type that indicator into the “Security” box.
For spreads and ratios you will be able to add weights and lags respectively. The lag time will be dependent on the frequency of the metric or indicator you are lagging. A lag of 5 would set every data point back 5 periods. For example, if you wanted to lag price one week, since price is a daily metric and updated on trading days only you would want the lag set equal to 5.
Also, it is important to note that the indicator is all you need, typing anything into the metric box is not necessary for an indicator.
Correlations: Daily and weekly indicators look back 120 periods, monthly indicators look back 31 periods, quarterly indicators look back 11 periods, yearly indicators look back 3 periods.