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Asset Correlation Matrix

Visualize correlation between multiple assets

Manage Assets

NIFTY
BANKNIFTY
RELIANCE
TCS

Correlation Matrix

NIFTYBANKNIFTYRELIANCETCS
NIFTY1.00-0.59-0.70-0.28
BANKNIFTY-0.591.000.320.73
RELIANCE-0.700.321.000.56
TCS-0.280.730.561.00

Correlation Guide

Positive Correlation

  • 0.7 to 1.0: Strong positive
  • 0.3 to 0.7: Moderate positive

Negative Correlation

  • -0.7 to -1.0: Strong negative
  • -0.3 to -0.7: Moderate negative

Note: Correlation values range from -1 (perfect negative correlation) to +1 (perfect positive correlation). Values near 0 indicate little to no correlation.

Demo Mode: This is showing simulated correlation data. In production, integrate with historical price data APIs to calculate real correlations.