CORIX -CORRELATION
CORIX DETAILS
Last updated
CORIX DETAILS
Last updated
What is Correlation? Correlation expresses the relationship between two or more variables. Positive correlation indicates an increasing relationship between variables, while negative correlation indicates that one variable decreases as the other increases. Correlation typically ranges between -1 and 1: 1 represents perfect positive correlation, -1 represents perfect negative correlation, and 0 indicates no correlation.
Using Correlation in Financial Markets In financial markets, correlation is often used to understand the relationship between asset prices. For example, if there is a high positive correlation between two assets, it means that when the price of one asset increases, the other is also likely to increase. This can help investors predict changes in one asset's price based on changes in another.
CORIX is a specially developed calculation tool in which we use formulas developed outside of standard correlation calculations. Tools with less than this without having so many features are sold at high prices and are only available to certain users. With this tool, you can see the similarity of one value to another value in all tokens/coins at once in all time frames and in all time frames and you can track your transactions
You can access it by clicking on the CORIX icon from the MAIN SCREEN.
in this section you need to enter the number of candles you want to look at. This can be 10 or 10000, it is completely up to you. According to the time period you choose from the menu on the side, for example: If you type 100 candles and select 1H from the interval menu, you will display the last 100 hours of correlation.
In this section you can choose in which time zone you want to look at the number of candles you have written. this can be 1 minute or 4 hours
You need to select the exchange and trade type for which you want to look at the correlation. Since futures and spot prices are calculated differently, there are different options available. Currently, our system only supports Binance Spot and Futures. All exchanges defined in the system will be added here over time.
Currently, our system only supports Binance Spot and Futures. All exchanges defined in the system will be added here over time.
You can select the symbol "coin/token/asset" you want to correlate. This can be anything BTC ETH ADA etc.
In this way, you can check the correlation according to the data type you want. For example, you can find correlation according to the OPEN, CLOSE, HIGH, LOW or VOLUME type we always use.
Correlation usage video we shot for youtube.
The system gives you results in different colors and values. The red ones indicate a negative correlation, the green ones a positive correlation, and next to them the similarity rate in % is displayed.
This means that the results matching the criteria you set are shown as positive and negative.
We added a chart feature to Corix.
When you press the place indicated by the red arrow, you will directly see the chart of the relevant coin.
In this way, you can easily examine the correlation differences.
