What Should The Results Mean

We wanted to tell you what the results you get in CORIX will mean.

RED - NEGATIVE CORRELATION

GREEN - POSITIVE CORRELATION

The % values next to them give the correlation fit rate.

Details and Filtering

In this section, we wanted to show you clear results by turning down the settings a bit. As you can see above, we looked at BTC USDT correlations on the binance spot market for the last "10" candles in a 15 minute time frame

When we examine this in detail BTC/USDT symbol and pair

We saw RONINUSDT with a positive rate of "+99%" and We have seen AERGOUSDT at "-76%" as negative

when we examine this situation on the chart in tradingview (we will add chart view here very soon)

To Examine ( LOW TIME FRAME )

We will provide controls on tradingview in the settings we have determined above.

We will compare RONINUSDT with AERGOUSDT, which has Positive and negative correlation with BTCUSDT on 10 candles 15 timeframe.

For this, I open the chart divided into 3 in tradingview

on this screen

on the left : RONINUSDT

in the middle: BTCUSDT

on the right : AERGOUSDT

As can be seen, RONINUSDT followed the downward movement in BTCUSDT in the same way, but AERGOUSDT has not yet given the desired reaction to this movement.

This gives us the opportunity to open AERGOUSDT trade.

To Examine ( HIGH TIME FRAME )

Let's examine this over a longer period of time and try to find the differences. Here I will enlarge the number of candles and time frames a bit more and look for trading possibilities in the long term.

In this section, I simply asked him to list the correlation results on the "Binance Spot" exchange for the last 2000 hours in the 1 hour timeframe in the last 2000 candles and I got the following results.

ASTRUSDT -0.800 ( Negative correlation ) CELRUSDT 0.977 ( Positive correlation )

Let's analyze these results on the chart in tradingview.

on this screen

on the TOP : CELRUSDT 0.977

in the MIDDLE: BTCUSDT

on the BELLOW: ASTRUSDT -0.800%

As you can see, CELRUSDT, which has a positive correlation, has generally exhibited the same movements as BTCUSDT, but ASTRUSDT has moved separately from BTCUSDT by drawing a different structure.

These structures can diversify very differently. You can do this not ONLY for BTC but also for different assets.

For example, you can look at the correlation results for MANA or ADA and more easily capture the diverging coins.

You can see an example of a trade with corix in the link below.

Best Regards.