## Asset correlation calculator

Correlation is a statistical measure
of association between two variables.
Understanding correlations between portfolio assets
is useful to evaluate or build a diversified portfolio.
Portfolio Lab allows rapid exploration
of asset correlations between ETFs, stocks and mutual funds.

### Features

- choice of monthly or daily returns correlations
- color-coded portfolio correlation table
- rolling correlations historical charts
- time-weighted computation formula (exponentially weighted) which is superior to the
equal-weight computation found in Excel and many other programs.