Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.

Crypto correlation measures the relationship of market price movements between cryptocurrencies and traditional finance assets. A coefficient number ranging from +1.0 (positive correlation) to -1.0 ...

The correlation of bitcoin BTC $115,326.45 and ether ETH $4,175.24 to the U.S. Dollar Index (DXY) has once again turned negative. BTC’s correlation coefficient to the DXY has fallen to -0.36, after ...

Bitcoin (BTC) is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal. Negative correlation between bitcoin and the ...