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 ...

Commodity correlation isn’t static—and ignoring that can blow up your portfolio. Learn how to track it and adjust your risk ...

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 ...

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.