A correlation coefficient of -0.8 or lower indicates a strong negative relationship. A coefficient of -0.3 or lower indicates a very weak one. Correlation Coefficient Calculation ...

While there is no clear definition of what makes a strong correlation, a coefficient above 0.75 (or below -0.75) is considered a high degree of correlation, while one between -0.3 and 0.3 is a ...

Bitcoin’s True Market Correlation Analysis indicates Bitcoin behaves more like an amplified version of the S&P 500 index. Recent performance data demonstrates this relationship: ...

The 90-day correlation coefficient of -0.70 suggests a notably strong negative relationship between the two assets. (TradingView/CoinDesk) Bitcoin and the DXY have been mostly negatively ...

The 90-day correlation coefficient between the two has risen to 0.86, the highest since May 2023, having flipped positive in November, according to charting platform TradingView.

NEW YORK - In a notable shift from previous market trends, analytics data has revealed a strong correlation between the prices of Bitcoin and Ripple, two leading cryptocurrencies.This correlation, ...

From October 2022 to October 2023, we can see the correlation coefficient was +0.34, which signals a positive correlation, as expected. However, it is a weak correlation, due to JPM’s ...

A correlation coefficient of -0.8 or lower indicates a strong negative relationship. A coefficient of -0.3 or lower indicates a very weak one.