ALGO ALGO / USTC Crypto vs ALGO ALGO / USD Crypto vs SIGMA SIGMA / USD Crypto

Correlation How Assets Move Together

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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Correlation Summary

ALGO vs ALGO: 0.610 - Strong Positive
Moved in same direction 237 days (69.5%) • Opposite direction 104 days • 341 data points
ALGO vs SIGMA: 0.180 - Weak/No Correlation
Moved in same direction 156 days (61.4%) • Opposite direction 98 days • 254 data points
ALGO vs SIGMA: 0.635 - Strong Positive
Moved in same direction 197 days (77.6%) • Opposite direction 57 days • 254 data points

Overall Statistics:

Average Correlation: 0.475

Highest Correlation: 0.635

Lowest Correlation: 0.180

Interpreting Correlation Values:
  • +0.8 to +1.0: Very strong positive - assets move together almost in lockstep
  • +0.6 to +0.8: Strong positive - assets often move in the same direction
  • +0.3 to +0.6: Moderate positive - some tendency to move together
  • -0.3 to +0.3: Weak or no correlation - movements are largely independent
  • -0.6 to -0.3: Moderate negative - some tendency to move in opposite directions
  • -1.0 to -0.6: Strong negative - assets frequently move opposite to each other

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.

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ALGO Correlation Chart Daily Correlations

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ALGO Correlation Chart Daily Correlations

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SIGMA Correlation Chart Daily Correlations

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Learn More

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.

Data sources

ALGO: Kraken
ALGO: Kraken
SIGMA: Kraken
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