The historical correlation chart shows how the correlation between two assets in your portfolio has changed over time. Use it to compare an asset pair’s current correlation with its past values.
Charting a correlation
You open the chart from the correlation table on the Risk tab under Correlations. See Correlation table for how to open and read the table.
- Click a correlation value in the table to add that pair to the chart.
- To chart every correlation for one asset, click its symbol in the row or column header.
Each pair appears as its own line, labeled in the chart legend (for example, VEIEX/AAL). Selected cells are outlined in the table.
Reading the chart
The chart plots each correlation over time, on a scale from -1 to +1. The rightmost point on each line is the current value. Compare it with earlier points to see whether a correlation is higher or lower than it has been historically.
For example, in the chart above, the VEIEX/AAL correlation was near 0 around 2010, rose above 0.5 in 2020, and is lower today.
Removing correlations from the chart
To remove one correlation:
- Click its cell in the correlation table.
- Click a correlation table header.
To remove all correlations:
- Click Clear above the table.
Note: To save the chart as an image, click the camera icon above it. See Taking snapshots.