If I had to say, that I have two areas of expertise when it comes to trading, it would be asset correlations and volatility. They go hand in hand.
I had a discussion on the topic of correlation, with one of my best friends only an hour or so ago. I need to show him this chart. It’s the july oil contract, against the canadian dollar, both priced in USD.
Loonie Oil: I've drawn vertical lines, to show the lack of phase shift.
Correlation is instant.