Cryptocurrency Correlation Matrix

The correlation matrix shows how cryptocurrencies move in relation to each other. Each cell represents the correlation between two assets.

Correlation Values:

• Positive correlation (0.3 to 1.0): Assets tend to move in the same direction
• Negative correlation (-1.0 to -0.3): Assets tend to move in opposite directions
• Neutral correlation (-0.3 to 0.3): No clear relationship between assets

Lead-Lag Indicators:

These show which asset tends to move first (lead) and which follows (lag):

• → (Right arrow): Row asset leads column asset
• ← (Left arrow): Column asset leads row asset
• Number: The lag period (how many time intervals the follower lags by)
• Color strength: Indicates how strong the lead-lag relationship is

For example, if BTC has a "→ 2" indicator against ETH, it means BTC price movements tend to lead ETH by 2 time intervals (e.g., 2 hours if using 1h intervals).