ATOM ATOM / API3 Crypto vs A A / API3 Crypto vs FORTH FORTH / API3 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

ATOM vs A: 0.960 - Very Strong Positive
Moved in same direction 61 days (78.2%) • Opposite direction 17 days • 78 data points
ATOM vs FORTH: 0.595 - Moderate Positive
Moved in same direction 247 days (72.0%) • Opposite direction 96 days • 343 data points
A vs FORTH: 0.879 - Very Strong Positive
Moved in same direction 57 days (73.1%) • Opposite direction 21 days • 78 data points

Overall Statistics:

Average Correlation: 0.812

Highest Correlation: 0.960

Lowest Correlation: 0.595

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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ATOM Correlation Chart Daily Correlations

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A Correlation Chart Daily Correlations

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FORTH 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

ATOM: Kraken
A: Kraken
FORTH: Kraken
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