> For the complete documentation index, see [llms.txt](https://docs.candelacharts.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.candelacharts.com/investing/risk-adjusted-performance/multi-asset-monthly-returns-heatmap/confluences.md). # Confluences The Multi-Asset Monthly Returns Heatmap is highly effective for macro and intermarket analysis: * **Intermarket Divergence**: Compare the seasonality of inversely correlated assets (e.g., Equities vs. Bonds, or USD vs. Gold) to anticipate macro shifts. * **Sector Rotation**: Load the heatmap with various sector ETFs (e.g., XLF, XLK, XLE) to identify historical periods of sector rotation and seasonal strength within specific industries. * **Risk Management**: Use the 'Volatility' calculation mode alongside volatility indicators (like the VIX or ATR) to prepare for historically turbulent months in specific asset classes. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.candelacharts.com/investing/risk-adjusted-performance/multi-asset-monthly-returns-heatmap/confluences.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.