A trading signal that measures the correlation between financial assets and key Brazilian macroeconomic variables like SELIC rate, PIB, inflation, and employment data.
Explore complementary indicator rolesHow it works
The indicator calculates the correlation between a financial asset and specific Brazilian macroeconomic variables by analyzing the asset's variation on the day these variables are released.
It uses historical data from IBGE and the Central Bank of Brazil, covering different time periods for each variable: 4 years for PIB, 3 years for SELIC rate, and 2 years for inflation and employment data. Traders can select one or multiple macroeconomic variables to examine their individual correlation effects on an asset's performance
Why it may be useful
This correlation indicator provides traders with valuable insights into how macroeconomic factors influence specific financial assets. By understanding the relationship between economic variables and asset performance, investors can make more informed trading decisions.
The signal helps identify potential market movements triggered by economic announcements, offering a deeper understanding of asset behavior beyond traditional technical analysis. It enables traders to anticipate potential price changes based on economic indicators
When to explore it
The indicator is most effective when used during periods of significant economic releases, such as PIB announcements, SELIC rate publications, or employment data updates. It works best for traders interested in fundamental analysis and macroeconomic trends.
Investors can utilize this signal to complement technical strategies, particularly when trading Brazilian assets. The monthly updates ensure that the correlation data remains current and relevant
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
