Correlation estimation uncertainty

Are seemingly different correlations just sample noise?

Risk and drawdown RSK-049 Range Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

Download CSV Sample JSON Specification JSON Sample as of

0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Item C
0.94
Lowest item: Item F
-0.31
Average
0.46
Number of items
7 items

Correlation estimation uncertainty

Correlation coefficient (−1 to 1) (Range)

Valid sample size (observations)

Valid sample size (observations) (Bar)

Event detail and data date

Correlation coefficient (−1 to 1) and Valid sample size (observations) (Table)

Sample data rows

Reference price level / scenarioCorrelation coefficient (−1 to 1)Valid sample size (observations)Data date (sample)
Item A 0.27 24 2026-10-16
Item B 0.86 34 2026-10-16
Item C 0.94 24 2026-10-16
Item D 0.69 38 2026-10-16
Item E 0.86 49 2026-10-16
Item F -0.31 25 2026-10-16
Item G -0.09 12 2026-10-16