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On the importance of digital verification of visual observations



Along with the effect I noticed on RI, another “effect” “struck my eyes”:

If Norilsk Nickel grows within a day, then Severstal falls and vice versa.

Decided to check the numbers. I downloaded five minutes, removed interday increments and calculated the correlation of relative increments for September-October. Alas, the sample correlation was 0.47, i.e., although not too large, but definitely a positive value. Thinking that this may have happened due to the general fall of the market on the announcement of partial mobilization and after the payment of Gazprom’s dividends, I removed these days from the calculations. Alas, here too disappointment awaited me: the sample correlation even slightly increased and became 0.52. Of course, this is statistically indistinguishable from 0.47, but just as positive.

Of course, with a correlation of 0.5, local discrepancies are possible, but nothing more. And the “striking” “effect” globally turned out to be only “an optical illusion”.

Good luck in bidding!

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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