Pro lessonPortfolio Diversification · 2/42 min read
Correlation: why ten altcoins is not real diversification
What correlation means, why most crypto assets move together, especially in sell-offs, and why owning many altcoins is not true diversification.
Diversification only works if your holdings do not all move the same way at the same time. The tool for measuring that is correlation.
Correlation is a number from −1 to +1 that describes how two prices tend to move relative to each other:
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