Explore correlations between stocks.

I built a website that lets you explore correlations between stocks. I built it for myself, because I wanted to find stocks that are inversely correlated with Tesla's stock.

It shows you the 10 most strongly and inversly correlated values of every stock in the database.

I see 3 applicatios for correlations in regards to investing:

• Reduce the risk of a portfolio and ensure that assets are not overly correlated.
• Find an alternative to hard-to-trade assets. For example, it is difficult for a retail investor to trade oil. Therefore, it may make sense to look for investments that strongly correlate with the oil price.
• To bet against the price of a stock with a negative correlated stock. If you think a certain stock is overvalued, you can search for stocks with a negative correlation and invest in them, thus creating an implicit short position. This method is much less risky than typical methods such as shorts and put options.

I would love to get some feedback from you guys. Do you see any value for you? Do you have any requests?

Website: https://betagainst.fun/