Correlation calculator
How closely two markets move together.
Free risk tools
Correlation matrix calculator
How closely up to four markets move together, pair by pair, and how much a mix of them really spreads the risk.
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- Nothing you type is stored
The markets
The links
A and C move closely together (+0.84): a trade in each is close to one bigger bet.
- The hedge
- A and D move against each other (-0.62): a buy in both partly cancels out.
- Spread of risk
- The average link is +0.00: equal positions in all 4 spread the risk at least as well as 4 unrelated markets.
- Read it with care
- Measured on 79 bar-to-bar moves. Links change, and in a sell-off they tend to rise just when the spread is needed.
The correlation of every pair's bar-to-bar moves, from −1 (always opposite) to +1 (always together).
| Market | A | B | C | D |
|---|---|---|---|---|
| A | 1 | +0.15 | +0.84 | -0.62 |
| B | +0.15 | 1 | +0.28 | -0.10 |
| C | +0.84 | +0.28 | 1 | -0.55 |
| D | -0.62 | -0.10 | -0.55 | 1 |
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.
Four trades, or one?
Holding gold, silver and a gold miner feels like three positions; if they move together, it is one big bet. A correlation matrix shows every pair at once, so you can see which markets add a real second opinion and which only add size. The spread-of-risk figure turns the average link into a count: how many unrelated markets the mix is really worth.
Compare two markets in depth with the correlation calculator, add up open trades that share a currency with the exposure check, see the risk of a weighted mix with the portfolio risk calculator, and see which one is leading with the relative strength calculator.
Not advice. Arithmetic on the prices you type; past links do not promise future ones.
Next tools
Correlated risk check
Which of your open trades are the same bet.
Portfolio risk calculator
How much a mix of holdings swings.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.