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Correlation Analysis

About This Tool

This tool calculates the correlation coefficients between multiple assets based on their price movements.

Correlation values range from -1 to 1, where:

  • 1: Perfect positive correlation (assets move together)
  • 0: No correlation (independent movements)
  • -1: Perfect negative correlation (assets move opposite)

Lower correlations between assets can help create a more diversified portfolio.

Ready for Analysis

Enter asset tickers and calculate to view the correlation matrix between different assets.