Coins

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 0.548 Moderate
Bitcoin BTC INVESCO QQQ TRUST, SERIES 1 QQQ 0.529 Moderate
Bitcoin BTC SPDR GOLD TRUST GLD -0.031 Negative