Correlation coefficients are indicators of the strength of the linear relationship between two different variables, x and y. A linear correlation coefficient that is greater than zero indicates a ...
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Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.
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Bitcoin (BTC) is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal. Negative correlation between bitcoin and the ...