> For the complete documentation index, see [llms.txt](https://guide.laevitas.ch/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.laevitas.ch/guides/tool-guides/spread-analysis/features-and-benefits.md).

# Features and Benefits

### Spread Analysis: A Powerful Trading Tool☝️

The spread analysis tool can be used to perform basic operations, such as addition, subtraction, and multiplication, between different metrics with multiple attributes. This can be useful for evaluating the risks and opportunities associated with spreads and for aiding in the decision-making process.

Applications of this tool can include:

* **Spread history**: This can help you understand how the relationship between assets has evolved over time and help identify trends or seasonal behaviours.
* **Asset correlation**: By measuring the correlation you can assess the degree to which different assets move in coordination with one another.
*  **Z-score**: The Z-score can help you understand if the spread between assets is abnormally high or not on a relative basis compared to its average standard deviation. Highlighting potential deviations and therefore opportunities.
* **Spread distribution**: This output allows users to visualise the absolute spread relative to its distribution over a period thus detailing whether price action is sitting comfortably around its mean or drifting towards the tails.
* **Regression**: Used to identify hidden trends or hidden relationships between spread attributes.