RE: Correlation Coefficient between bitcoin and a bunch of altcoins

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Correlation Coefficient between bitcoin and a bunch of altcoins

in bitcoin •  7 years ago 

Explanation
The numbers in the matrix are correlation coefficients (What's that?). You have to read them in the following way:

The closer to 1, the more correlation (prices behave similar)
The closer to -1, the more inverse is the correlation (prices move in different directions)
Anything close to 0.0 – Either negative nor positive correlation (movements outweigh each other

bitcoin
7 years ago by

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