We’re excited to release Compass, the first tool in Toggle’s comprehensive analytics suite. The following scenarios will help guide you through Compass' power and functionality. Please find a PDF copy attached.
Single Stock Drop
TOGGLE Compass lets you tap historical data to anticipate forward price action after a big move in an asset’s price.
- Pull up Expedia Group by typing EXPE and clicking “Expedia Group Price”
- Click to change the chart view to a 3 months horizon
- Highlight the big drop down by drawing a bounding box
- Click <Confirm>
- Immediately see the forward price action—typically when EXPE has a big short term drop, it rebounds over the following month
FX Instability
TOGGLE Compass lets you analyze how fundamental data drive an asset’s price
- Pull up USDCLP by typing in the cross and selecting price
- Pull up USDCLP Realized volatility
- Draw a bounding box, select <Level>, and hit <Confirm>
- Immediately see that CLP typically rallies once you’ve hit that high level of volatility
What if you want to contextualize this by the recent rise in copper prices? Does that affect how the currency will move?
5. Pull up copper prices by typing HG Copper
6. Select <Change> and hit <Confirm>
Immediately see the effect of the combined criteria of USDCLP vol exiting a high range AND copper prices rising, resulting in a mixed forward price pattern
Curve Inversion
TOGGLE Compass makes it easy to study how changes in one asset price impact another. When the curve goes back to normal from inverted, what typically happens?
- Type in RTY to load the “Russell 2K”
- Type in keyboard US 2Y 10Y and select “United States Treasury USD 2y_10y_curve yield ds”
- Draw a box in the 2s10s curve where it was inverted, select <Level> and hit <Confirm>
- Voila, the impact of when the US 2s10s curve normalizes on the Russell 2000
