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Correlations Matrix
Selected Coins
Positively correlated variables tend to move together, negatively correlated variables move inversely to each other, and uncorrelated variables move independently of each other.
Pearson Correlation Coefficient
The Pearson Correlation Coefficient quantifies the estimated strength of the linear association between two variables. It ranges from +1 to -1: +1 indicates a perfect positive linear correlation, -1 a perfect negative linear correlation, 0 indicates no linear correlation. The chart in the background represents the change in the correlation over time (rolling correlation with a rolling window width of 20 data points).
Positive Value
A positive value indicates a positive correlation between two variables.
Negative Value
A negative value indicates a negative correlation between two variables.
A value of 0 indicates no correlation between two variables.