Correlation Engine

The Correlation Engine takes a line of tickers and answers the question behind the number: how much of this book is really one trade. It pulls the history for every name, joins them all onto a single shared calendar, and returns a correlation grid plus one diversification score — 0 when every position is the same bet, 100 when they are genuinely independent.

Behind the score sit the readings that decide it: the effective number of bets the basket is actually carrying, the share of its variance explained by a single common factor, and the pairs ranked most-duplicated first. Click any cell for that pair in full — correlation under stress, on down days, the hedge ratio, and whether the spread mean-reverts. Instruments the provider does not carry can be added as TradingView CSV exports, read in your browser and never sent anywhere.