Concordia Healthcare Corp. T.CXR.R

IBB Pre-market

[investatbest]

As of right now, IBB pre-market is showing a +1.5% uptick.  

Let's see if the trend continues and perhaps we'll have some tangible evidence to confirm or refute claims being made about this particular ETFs having a significant relationship to the sp of CXR.

GLTYA

[Slinger14]

One day's action will not prove a correlation or negative correlation. You will have to use a much larger pool of data and a much longer timeframe to make a case for either.

[investatbest]

Absolutely.  Started noting data yesterday.  I suppose we could use previous data as well. I'm of the belief that they move independent of one another for a variety of different reasons.  Otherwise, why not just buy IBB instead of CXR? GL.

[argentia77]

f2d2 is covering himself by saying it's only 50% correlated + 50% uncertainty. For anyone really interested it should be relatively straightforward to back test his theory. But I'd be surprised if this hasn't already been done.

[Marcel7]

Correlation of IBB and CXRX for closing prices is as follows: January 0.977 December 0.849 November 0.400 October -0.146 September 0.842     Since Dec 1 0.757 Since Sept 1 0.537 A value of 1 is

[fdfd12]

great house example Marcel.

[LuckyLuke1]

At 10:00, IBB minus 1%, CXR plus 2%. The computer is broken and CXR to the moon !

[fdfd12]

not so fast, yesterday, if you remember, vice versa. This is only catch up. Nice try.

[LuckyLuke1]

Lets check if I understand everything. Ibb is trading at 22 E/P, and Cxr will have 2016eps of $9.00. If we multiply it makes $198.00 per share ! outch !!

[LuckyLuke1]

I compared IBB with CXRX in yahoofinance and they are not correlated.

[fdfd12]

Did you look at what I linked, 5 year chart? VRX to IBB not CXR since CXR is 2 years old

[Marcel7]

What was the correlation coefficient? How long was the period you measured this and for what data? As I am not sure yahoo finance has intraday data, I assume you were looking at closing prices? Please back your assertion.

[DeltaVega]

Someone compare VRX and CXR...seem to be moving up/down together???

[LuckyLuke1]

One year chart.

[fdfd12]

look at 5 year chart of VRX and IBB or any stock on the IBB

[Marcel7]

Really? That is interesting, as comparing close for each over the past year (to Jan 13 last year), I get a correlation coefficient of 0.807. Which says to me they are correlated. By what measure are you saying they are not? Marcel

[fdfd12]

I can see you understood nothing, lol. Check the 2 charts which I copied and pasted and you will understand. Check my earlier post with the links.

[fdfd12]

Not covering myself. I know I am saying 50%. 50% correlated and the other 50%, the stock itself and its earnings, not uncertainty. Guys, do me a favour. Look at a 5 year chart of VRX (since CXR is not around for 5 years) and look at 5 year IBB. There is no difference. Here they are. What do you think? The big drop in VRX was news related. IBB also dropped but not as much. Check the little drop