Researchers can chart or study certain basic mathematical formulas to better understand market behavior. Charts containing historical prices provide insight into market behavior. Charts containing the history of commonly used market formulas can also be used for the same purpose. For example, a correlation study can be used to better understand how the price of a security fluctuates in relation to the price of a different security. The manner in which the formula changes over time provides an understanding of the price behavior of both securities.

MIMIC provides users with the ability to incorporate commonly used mathematical formulas, such as correlation, into their analysis. These formulas are entered into the Formula field in the Data Builder.

The formulas are included in the online help, accessible from the MIMIC application (select Help>MIMIC Help from the menu bar). See the "Formula Table" chapter in the MIMIC User Guide.