Spearman Indicator

Hello and welcome to today’s podcast by Angel Broking. Today we are discussing a very popular technical indicator. Traders use a combination of both fundamental as well as technical analysis to understand price movements. And to understand why certain stocks perform compared to others. Indicators are an important aspect of technical analysis. Technical indicators are pattern-based signals that identify trading opportunities and can predict price behavior. One such indicator is the Spearman rank correlation. What is it?