Find out what is really one position

The correlation matrix

A live matrix over a rolling window you choose. Three things it is genuinely good for:

• The pair that decoupled. Two names that tracked each other for months and stopped — usually the first sign that something specific happened to one of them.
• The hedge that stopped hedging. A short held against a long only works while the correlation holds. When it breaks you have two positions, not one hedge.
• The cluster that became one position. Several holdings converging toward a correlation of one means your risk is concentrated whether or not your allocation says so.

Normalised performance

Put any basket on the same axis from a common starting point and watch the lines separate. This is the fastest way to distinguish the name actually leading a sector move from the three following it a day late — a distinction that is invisible on separate charts with separate scales.

Rotation as shape

The heatmap sizes every instrument by volume or open interest, crypto and tradfi together. Where the matrix tells you what moves together and the normalised chart tells you what leads, the heatmap tells you where the money went — usually before a watchlist notices.

Choosing a window

Correlation is entirely a function of the window you measure it over, and a matrix with a fixed lookback quietly makes that choice for you. The window here is yours to set, which means a 7-day and a 90-day view of the same basket can be compared — and when they disagree, that disagreement is the information.