> For the complete documentation index, see [llms.txt](https://wpahelp.windhamlabs.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wpahelp.windhamlabs.com/expected-risk/correlation.md).

# Correlation

A positive correlation indicates that the two assets tend to move in a similar direction, whereas a negative correlation indicates that they tend to move in opposite directions. A correlation of zero indicates that the returns of the two assets are uncorrelated.