Correlation

Discover how different cryptocurrencies affect each other with our correlation tool so that you can spot hidden trading opportunities! Correlation is a statistic that measures how much two cryptocurrencies or securities move price-wise in relation to each other, which can be used to your advantage. Figure out how much influence the price moves of gold or indices like the S&P 500 have on the cryptocurrency market – use it to predict crypto price movements based on the movements of traditional industries, or analyze the correlations between different sectors within crypto.

This tool can also help you determine your total exposure to the market so that you can hedge your risks accordingly.