Setting Time Periods & Using Base-Line Analysis

Synopsis

Objectives

  1. Using baseline analysis.

  2. Using multiple series within a worksheet.

  3. Introduction to MIMIC's administrative functions.

Market Brief

In previous lessons, you focused on using a single year of historical data. It is very common, however, to analyze price history for some significant period of time, such as a fifty-two week chart or table containing several years of data. Also, in the previous lessons, you focused on single-security analysis. Although single-security analysis is commonly used, it is often useful to use multiple securities in your analysis in order to gain a better perspective on market behavior. A common form of multiple-security analysis is inter-market analysis. Inter-market analysis is the study of how different securities or markets interrelate.

MIMIC provides users with the ability to perform multiple-security analysis. The previous lessons focused on building a single series into a worksheet. It is possible to add multiple series or formulas within a single worksheet. Also, as mentioned in an earlier lesson, the series may be limited to some relevant period of time (i.e., the date is within the last year or previous 5 years) by changing the default date options in the Data Builder.