Coins
- Coins
- Bitcoin (BTC) Markets Price Correlation
- Coins
- Bitcoin (BTC) Markets Price Correlation
Bitcoin Markets Price Correlation
The correlation value involves a mathematical formula that considers the price movements over time. A correlation above 0.5 is considered moderately and above 0.7 strong,
while correlations between 0.3 and -0.3 are weak. A value of 1 means the movements are perfectly synchronized, whereas negative 1 indicates they're diametrically opposed.
SPDR GOLD TRUST - GLD (Gold), SPDR S&P 500 ETF TRUST - SPY (tracks the S&P 500) and INVESCO QQQ TRUST, SERIES 1 - QQQ (tracks the Nasdaq 100)
| Coin |
Markets |
Correlation ( 90 Days ) |
Chart |
Bitcoin
BTC
|
SPDR S&P 500 ETF TRUST SPY |
0.825 High |
|
|
Bitcoin
BTC
|
SPDR GOLD TRUST GLD |
0.694 Moderate |
|
|
Bitcoin
BTC
|
INVESCO QQQ TRUST, SERIES 1 QQQ |
0.532 Moderate |
|