Suppose that I have a curve $y(x|\theta)$, where $\theta$ are a set of parameters. My data set is tables $y_{ij}$ and $x_{ij}$. I fit the curve for each row $i$, and obtain the set of parameters $\hat\theta_i^k$ that best fit to this row, where $k$ is the parameter index.
Next I obtain the $n_k\times n_k$ correlation matrix for the parameter estimates $\hat\theta^k$ across rows $i$. What does high or low correlation mean between, say, $\hat\theta^k$ and $\hat\theta^l$?
@RichardHardy suggested to start with a linear case.