Calculating correlations...

Fetching market data and computing correlations

Selected Coins (5)

BTCBitcoin

ETHEthereum

SOLSolana

USDTTether

BNBBNB

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Correlation

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 indicates a perfect negative linear correlation
• 0 indicates no linear correlation

Positive Value

A positive value indicates a positive correlation between two variables.

Negative Value

A negative value indicates a negative correlation between two variables.

Zero

A value of 0 indicates no correlation between two variables.