Asset Confluence

Shows the assets that really move together: they rise and fall at the same times and go the same way. Use it to pick only the assets that are with the tide.

How to use Asset Confluence

Presets

My presets⌄

Broker

Market

Candle time

Period analyzed

Minimum correlation between assets

Correlation measures whether two assets rise and fall at the same times. 100% is identical, 0% means no relation. The higher the number, the stricter the list.

Asset confluence and correlation

See which assets really rise or fall together, with the real correlation between them, and open the group in the Cataloger or SmartList. It helps you avoid doubling the same risk across correlated assets.

When to use it

Before trading several assets at once, it pays to know which ones move together. Asset confluence shows the real correlation between them and keeps you from doubling the same risk without noticing.

How to use

Open the tool and view the correlated groups.
Check the correlation between assets.
Open the group in the Cataloger or SmartList.

Best practices

Avoid opening simultaneous entries on strongly correlated assets.
Use the correlated groups to pick one representative per group.
Review correlation periodically, since it changes over time.
Take the chosen group to the Cataloger or SmartList and continue the analysis.

Common mistakes

Believing that trading many assets diversifies risk when they move together.
Using an old correlation as if it were permanent.
Ignoring that pairs sharing a currency tend to react to the same news.

Frequently asked questions

What is correlation?: How closely two assets move together over time.
Why does it matter?: Trading several correlated assets can concentrate risk in practice.

Related tools

SIO | Asset Confluence & Correlation Tool