ARKM: Correlation to BTC (7D)
Shown as its Oct–Dec 2023 sample; the latest readings and full history are included with Pro.
7-day correlation of ARKM and BTC hourly returns.
Why use it. Shows whether ARKM moves with Bitcoin. How to read it. Near 1 they move together; near 0 independently.
Calculation. Pearson correlation of hourly log returns over the last 7 days, from CryptoKeyhole's ARKM and BTC indexes. CryptoKeyhole's own hourly ARKM/USD index from public exchange candles, from 18 July 2023. In the last 30 days it drew on the markets of Binance, Bybit, Coinbase, Kraken, KuCoin and OKX.