Quantora · Desk
Correlation Matrix Explorer
Diversification lives or dies on correlation. Enter a set of tickers and Quantora maps how they actually move together - a heatmap, the average pairwise correlation, and a diversification score - from real daily returns. Assets that all move as one aren't a portfolio; they're one bet.
Correlation runs from -1 (move exactly opposite) through 0 (unrelated) to +1 (move in lockstep). Red cells are highly correlated pairs that give you little diversification; green cells are the diversifiers that cushion each other. The average pairwise correlation is the single best gauge of how concentrated your risk really is - a book of tech names might average 0.8 (basically one position), while mixing equities, bonds, gold and crypto can pull it far lower. The diversification score is simply 1 minus that average. Correlations aren't stable - they tend to spike toward 1 in crashes, exactly when you need diversification most - so treat this as a snapshot, not a guarantee.