Correlation measures how closely two assets' prices move together. A correlation of +1.0 means they move perfectly in sync, 0 means no relationship, and -1.0 means they move in opposite directions. Understanding correlation helps with portfolio diversification and risk management.
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| ALGO vs ALGO: | -0.234 - Weak/No Correlation |
| Moved in same direction 61 days (38.9%) • Opposite direction 96 days • 157 data points | |
| ALGO vs DEFI: | -0.372 - Moderate Negative |
| Moved in same direction 52 days (39.4%) • Opposite direction 80 days • 133 data points | |
| ALGO vs DEFI: | 0.395 - Moderate Positive |
| Moved in same direction 187 days (58.8%) • Opposite direction 131 days • 319 data points | |
Overall Statistics:
Average Correlation: -0.070
Highest Correlation: 0.395
Lowest Correlation: -0.372
Note: Correlation measures linear relationships in price movements. Low correlation between assets can be beneficial for diversification, as losses in one asset may be offset by gains in another.
This page focused on correlation between the selected assets. You might also want to check out the overview, comprehensive stats, historical, volatility, and price projection pages.
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