What Should The Results Mean
CORIX DETAILS
Last updated
CORIX DETAILS
Last updated
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.
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)
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.
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.
"We usually benefit from positive correlations.
For example: We search for tokens closely and highly correlated with MANAUSDT. Knowing that movements occurring in one of them will be followed by others, we are able to enter trades early, anticipating the movement."
You can see an example of a trade with corix in the link below.
Best Regards.
