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by JackFr 1511 days ago
The correlation of an asset to the market is the definition of 'beta' and it is not technical analysis (from investopedia):

"Beta is a measure used in fundamental analysis to determine the volatility of an asset or portfolio in relation to the overall market."

"Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities in price trends and patterns seen on charts."

1 comments

I know what Investopedia says, but there's nothing fundamental about beta. Beta is the "measure of how an individual asset moves (on average) when the overall stock market increases or decreases."

That's just looking at pricing. It's the same category as technical analysis.