APT APT / USD Crypto vs F F / USD Crypto vs CHESS CHESS / 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

APT vs F: 0.208 - Weak/No Correlation
Moved in same direction 223 days (68.6%) • Opposite direction 102 days • 326 data points
APT vs CHESS: 0.626 - Strong Positive
Moved in same direction 239 days (70.3%) • Opposite direction 101 days • 343 data points
F vs CHESS: 0.221 - Weak/No Correlation
Moved in same direction 214 days (66.0%) • Opposite direction 110 days • 326 data points

Overall Statistics:

Average Correlation: 0.352

Highest Correlation: 0.626

Lowest Correlation: 0.208

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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APT Correlation Chart Daily Correlations

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F Correlation Chart Daily Correlations

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CHESS 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

APT: Kraken
F: Bybit
CHESS: Binance
ByBit Futures Trading Trade hundreds of crypto perpetual futures