Correlation Matrix
Pearson correlation heatmap of major crypto daily log returns
Correlation Matrix on PEPS Crypto (Market Overview). Live data available. Advanced crypto market analysis, trading signals, and intelligence powered by the PEPS Trading Engine.
Loading correlation matrix…
Correlation heatmap
Click a cell to inspect a pair
Highest correlations
Lowest correlations
How to use this tool
Correlation Matrix shows how major crypto assets move together using Pearson correlation of daily log returns.
How it works
- Data refreshes about hourly from Binance daily candles via ccxt.
- Returns are log(close_t / close_t−1); diagonal is always 1.
- Regimes: Synced ≥0.75, Elevated ≥0.55, Moderate ≥0.35, Dispersed ≥0.15, else Decoupled.
- Delta compares average correlation to the previous PEPS snapshot for that window.
- Missing cells appear when a symbol lacks enough overlapping observations.
What to consider
- A crash can push most pairs toward +1 even if narratives differ.
- Stable or idiosyncratic names can look “low corr” without being hedges.
- Always confirm with volume and flow tools before acting on pair ideas.
- Highest/lowest lists are descriptive, not trade recommendations.
- Pair with Market Stress when average correlation spikes.