Correlation Matrix

Overview

The Correlation Matrix component is a diversification tool, showing how closely related selected investments are to one another in terms of return patterns. The highest possible degree of correlation is 1.0 and is displayed in dark blue.

You can select up to 10 items in the Grid component to display in the Correlation Matrix component.

For capabilities common to most components, read the Components Overview.

Alternate Uses

The Correlation Matrix can also display the relationships between selected investments and indexes or Morningstar categories.

 

Last Updated: March 27, 2018

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