Correlated risk check
Which of your open trades are the same bet.
Free risk tools
Correlation calculator
How closely two markets move together, from their closing prices.
Free, no sign-up On sale: Desk and Desk + Signals. See the plans
- Free
- No sign-up
- Nothing you type is stored
The two markets
The link
A correlation of +0.92: they move closely together: a trade in each is close to one bigger bet. 20 daily moves is a short sample; correlations change, and in a panic they rise.
- Beta
- 0.82: on a day the first moves 1%, the second has moved about +0.82%.
- Shared
- About 84% of the second's daily swing lines up with the first; they moved the same way on 95% of days.
- A usual day
- First 1.67%, second 1.51% up or down.
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Two trades or one?
Correlation runs from -1 to +1. Near +1, two markets rise and fall together, so a buy in each doubles one bet rather than spreading the risk. Near 0 they move on their own; near -1 they move against each other. Beta adds the size: how far the second moves, on average, for each 1% of the first.
The number is measured on the days you type, and it changes: calm-market links often snap tighter in a sell-off. For recent numbers between gold, silver, stocks and currencies see the market correlations; to add up open trades that share a currency, use the exposure check.
Not advice. Arithmetic on the prices you type; past links do not promise future ones.
Next tools
Historical volatility calculator
The real swing of a price from its closes.
Risk splitter
One risk budget shared across several trades.
Pricing
Three ways in. Pick yours.
See all plans · Try one agent free
Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.