Learn about the negative correlation coefficient, its significance, comparison with other coefficients, and real-world ...

Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.

Bitcoin BTC $90,620.20 prices seem to have tracked the growth in the Chinese central bank's balance sheet over the past eight years, maintaining a notable positive 30-day correlation. The People's ...