Tag: correlation

Correlation of Bitcoin and gold reached 12-months high
BTC
2.15%

Correlation of Bitcoin and gold reached 12-months high

Bitcoin, like any other asset, is correlated to other asset classes, and lately, it has been correlated with gold more than usual.
Canadian dollar vs. WTI correlation
WTIOIL
-2.02%

Canadian dollar vs. WTI correlation

Trading commodities is not just about gold, silver, oil or other metals or agricultural assets. It is necessary to have two points in mind.
Gold/Silver correlation remains very positive
XAU
0.48%

Gold/Silver correlation remains very positive

Correlation provides hard data of price moves that gives better chance to manage your portfolio.