Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.
Bitcoin’s correlation with gold is increasing as both assets strengthen their reputations as hedges against macroeconomic uncertainty, according to CryptoQuant CEO Ki Young Ju. In a Tuesday post on X, ...
The link between bitcoin BTC $123,331.92 and equity prices, particularly tech stocks, is growing closer again. According to TradingView, the 90-day correlation between the largest cryptocurrency by ...
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