By default, the correlation is displayed in the matrix view, which is a two-dimensional table with each symbol of the selected instrument list on the x-axis and y-axis respectively.
The matrix is to be read in such a way that the intersection of a row with a column outputs the respective correlation coefficient of the two values to each other. The correlation coefficient is 100 when the same symbol is selected in the row and column.
Using the plus icon in the top left corner of the matrix, you can add individual values to the matrix, for which the correlation coefficient will then be calculated for the entire instrument list again.
When you click on an individual correlation coefficient, the corresponding value is loaded in the chart to the right of the matrix. In the process, the instrument from the selected column is loaded to the chart as the primary data series; the instrument from the selected row as the secondary data series and as a line chart. For this, the price axis is changed to percentage values, in order to make the two data series comparable. The first data point of the secondary data series begins at 0%; after this, the percentage changes per period are displayed in comparison to the primary data series. Additionally, if you click on a field in the matrix the InstrumentCorrelation indicator is loaded to the chart, find more details about the indicator below.