Skip to content
QuantlyQuantlyQuantly

Strategy Correlations

Open Dashboard and select the Correlations tab.

What it shows

Section titled “What it shows”

Strategy Correlations is a heatmap matrix of Pearson correlation between daily returns on each strategy’s live equity curve (after flows are accounted for in the same way as the portfolio chart).

  • Rows and columns are your invested strategies (color dot matches the strategy in the app).
  • Each cell is a correlation from -1 to +1 (green toward positive, red toward negative).
  • The diagonal is always +1.00 (a strategy vs itself).
  • Hover a cell for the exact value.

The subtitle shows how many overlapping trading days were used for the matrix.

When data appears

Section titled “When data appears”
Situation What you see
Fewer than two invested strategies Message to invest in at least two strategies
Two or more strategies but not enough shared return history “Not enough overlapping return history yet”
Enough overlap (at least 5 trading days with aligned returns) Full heatmap

Only strategies with active managed capital are included. Strategies waiting on a pending deposit are excluded until they are fully invested.

How to use it

Section titled “How to use it”
  • Spot strategies that move together (high positive correlation) and may not diversify your book.
  • Find pairs that move in opposite directions (negative correlation) when you want offsetting behavior.
  • Compare correlation changes as you add strategies or as live history grows.

This view is about your strategies, not individual tickers. For asset-level correlation tables (peers of one symbol), see Assets and open a ticker’s detail page.

Section titled “Related”