APT APT / ACM Crypto vs F F / ACM Crypto vs LAYER LAYER / ACM 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: 0.169 - Weak/No Correlation
Moved in same direction 197 days (62.1%) • Opposite direction 120 days • 318 data points
APT vs LAYER: 0.378 - Moderate Positive
Moved in same direction 150 days (65.5%) • Opposite direction 79 days • 230 data points
F vs LAYER: 0.076 - Weak/No Correlation
Moved in same direction 141 days (61.6%) • Opposite direction 88 days • 230 data points

Overall Statistics:

Average Correlation: 0.207

Highest Correlation: 0.378

Lowest Correlation: 0.076

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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LAYER 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
LAYER: Kraken
ByBit Futures Trading Trade hundreds of crypto perpetual futures