FTSE100 constituents: Correlation with other shares

Is there a good website or any other way (that doesn't involve huge amounts of data and number crunching) of finding which share is most negatively-correlated with a particular share (both within the FTSE100)

I'm thinking of doing a bit of elementary hedging. Without getting into lots of clever things like derivatives, CFD, options, warrants etc, I figure that if I have a large exposure to one share (e.g. employee shares), one way to offset such a risk would be to buy some of the shares which behave in an opposite manner.

TIA Allan

Reply to
Allan Gould
Loading thread data ...

In message , Allan Gould writes

I dont know of a website that does this. But if you do find a share that is exactly negatively correlated, whilst you remove your downside you also remove your upside. Is this what you really want?

Reply to
john boyle

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.