This chart shows Bitcoin (candlestick chart) and the Correlation Coefficient between Bitcoin and the S&P 500 (white graph).
You can find the Correlation Coefficient between any two assets in seconds -- it's easy. First, head to Indicators & Strategies and then search for Correlation Coefficient. When you find it, click it, and a box will appear asking you to type in the asset you want to compare. Press Enter and the chart will calculate the correlation immediately.
Correlation Coefficients are important because they can show you how two assets are moving together. For example, are they moving in lockstep or in opposite directions? A correlation of 1 means a perfect positive correlation and a correlation of -1 means a perfect negative correlation.
We hope this quick guide helps you with your analysis. Please press like if you enjoyed it and write in the comments for other tips or tricks.
You can find the Correlation Coefficient between any two assets in seconds -- it's easy. First, head to Indicators & Strategies and then search for Correlation Coefficient. When you find it, click it, and a box will appear asking you to type in the asset you want to compare. Press Enter and the chart will calculate the correlation immediately.
Correlation Coefficients are important because they can show you how two assets are moving together. For example, are they moving in lockstep or in opposite directions? A correlation of 1 means a perfect positive correlation and a correlation of -1 means a perfect negative correlation.
We hope this quick guide helps you with your analysis. Please press like if you enjoyed it and write in the comments for other tips or tricks.
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tradingview.com/share-your-love/
Read more about the new tools and features we're building for you: tradingview.com/blog/en/
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Share TradingView with a friend:
tradingview.com/share-your-love/
Read more about the new tools and features we're building for you: tradingview.com/blog/en/
tradingview.com/share-your-love/
Read more about the new tools and features we're building for you: tradingview.com/blog/en/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。