Forex Correlation Matrix
How fifteen major symbols have actually moved against each other, over a month and a quarter.
| EURUSD | GBPUSD | USDJPY | AUDUSD | USDCAD | USDCHF | NZDUSD | XAUUSD | XAGUSD | WTI | SPX500 | NAS100 | BTC | ETH | SOL | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 1.00 | 0.86 | -0.57 | 0.48 | -0.78 | -0.90 | 0.75 | 0.54 | 0.44 | -0.02 | 0.07 | 0.08 | -0.08 | -0.06 | -0.12 |
| GBPUSD | 0.86 | 1.00 | -0.58 | 0.56 | -0.72 | -0.75 | 0.84 | 0.42 | 0.38 | 0.10 | 0.06 | 0.10 | 0.10 | 0.06 | 0.06 |
| USDJPY | -0.57 | -0.58 | 1.00 | -0.57 | 0.33 | 0.60 | -0.68 | -0.13 | -0.09 | 0.17 | -0.42 | -0.43 | 0.14 | 0.22 | 0.23 |
| AUDUSD | 0.48 | 0.56 | -0.57 | 1.00 | -0.41 | -0.56 | 0.79 | 0.45 | 0.49 | -0.22 | 0.46 | 0.54 | 0.02 | -0.13 | -0.09 |
| USDCAD | -0.78 | -0.72 | 0.33 | -0.41 | 1.00 | 0.69 | -0.64 | -0.47 | -0.34 | -0.21 | 0.03 | -0.02 | 0.18 | 0.07 | 0.19 |
| USDCHF | -0.90 | -0.75 | 0.60 | -0.56 | 0.69 | 1.00 | -0.76 | -0.57 | -0.50 | 0.04 | -0.12 | -0.17 | 0.16 | 0.18 | 0.14 |
| NZDUSD | 0.75 | 0.84 | -0.68 | 0.79 | -0.64 | -0.76 | 1.00 | 0.46 | 0.47 | -0.11 | 0.31 | 0.35 | 0.00 | -0.07 | -0.05 |
| XAUUSD | 0.54 | 0.42 | -0.13 | 0.45 | -0.47 | -0.57 | 0.46 | 1.00 | 0.87 | -0.12 | 0.29 | 0.27 | 0.11 | 0.04 | 0.08 |
| XAGUSD | 0.44 | 0.38 | -0.09 | 0.49 | -0.34 | -0.50 | 0.47 | 0.87 | 1.00 | -0.05 | 0.36 | 0.42 | 0.06 | 0.08 | 0.14 |
| WTI | -0.02 | 0.10 | 0.17 | -0.22 | -0.21 | 0.04 | -0.11 | -0.12 | -0.05 | 1.00 | -0.58 | -0.40 | 0.09 | 0.08 | 0.09 |
| SPX500 | 0.07 | 0.06 | -0.42 | 0.46 | 0.03 | -0.12 | 0.31 | 0.29 | 0.36 | -0.58 | 1.00 | 0.91 | -0.15 | -0.24 | -0.12 |
| NAS100 | 0.08 | 0.10 | -0.43 | 0.54 | -0.02 | -0.17 | 0.35 | 0.27 | 0.42 | -0.40 | 0.91 | 1.00 | -0.13 | -0.16 | -0.07 |
| BTC | -0.08 | 0.10 | 0.14 | 0.02 | 0.18 | 0.16 | 0.00 | 0.11 | 0.06 | 0.09 | -0.15 | -0.13 | 1.00 | 0.87 | 0.81 |
| ETH | -0.06 | 0.06 | 0.22 | -0.13 | 0.07 | 0.18 | -0.07 | 0.04 | 0.08 | 0.08 | -0.24 | -0.16 | 0.87 | 1.00 | 0.80 |
| SOL | -0.12 | 0.06 | 0.23 | -0.09 | 0.19 | 0.14 | -0.05 | 0.08 | 0.14 | 0.09 | -0.12 | -0.07 | 0.81 | 0.80 | 1.00 |
Mint moves together, coral moves opposite, stronger colour is a stronger relationship
Updated 08-30 02:06 UTC. Recomputed every hour.
Ask MindX GPT about the exposure you are carrying.
Ask MindX GPTThe same matrix sits inside AlphaMind, alongside an exposure read on the positions you actually hold. Read from the same table the models read.
How it is built
Pearson correlation on daily returns +1.00 the two move together, step for step 0.00 no relationship worth acting on -1.00 one rises as the other falls Windows 30 days 90 days
Two positions correlated above 0.8 are one position held twice. That is the most useful sentence on this page and the reason the page exists.
What to do with it
Long EUR/USD and long GBP/USD at the same size is not two trades. Check the pair here before you count a second position as diversification.
What counts as a high correlation?
Above 0.7, or below minus 0.7, is strong enough to treat the two as the same exposure. Anything between minus 0.3 and 0.3 is not worth acting on.
Why do the two windows disagree?
Thirty days picks up the current regime and ninety days picks up the structural relationship. When they pull apart, something has changed recently.
Does correlation predict anything?
No. It describes how two things have moved, and it tends to break down exactly when markets turn violent, which is the moment you were relying on it.
