I’m looking for a tool…has anyone seen anything like this?
Considering that the correlation of most stocks, at least on the S & P, approaches 1.0 when the market falls, and is quite different on the way up, I think you are dreaming to think that such a tool exists. Yes, some things are not correlated, and yes, this is not an S & P stock, but I have never heard of something, anything, that only goes up with market and then is immune to the market otherwise. I would be shocked to be shown that this exists anywhere, but I have been wrong before.
okpj