Measuring from real daily closes...
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Correlation measures how two things tend to move at the same time. A reading near +1 means the two pairs usually rise and fall together. A reading near -1 means when one rises the other tends to fall. A reading near zero means there is little consistent relationship. It says nothing about which way either one will go next, only how they have moved in relation to each other over the window.
Every number here is measured, not estimated. It is the correlation of daily moves over the trading days shown above, computed from real closing prices. When the market has just moved, these shift. They are context, not a signal, and nothing here is a recommendation to buy or sell.
Measured from Twelve Data daily closes. Educational content only, not financial advice.