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Gold vs Bitcoin Correlation

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Gold vs Bitcoin Correlation

Correlation over time between circle Gold and circle Bitcoin.

  • Periods of positive correlation are highlighted by circle green bars.
  • Periods of negative correlation are highlighted by circle red bars.

Correlation is a statistical measure that measures the strength of the relationship between two assets. It ranges from -1 to 1. A coefficient of 1 would mean the assets are moving together, a coefficient of -1 would mean they are moving in opposite directions. A correlation coefficient of zero means that there is no relationship between the two variables.

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