ATOM ATOM / DBR Crypto vs A A / USD Crypto vs TREE TREE / 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

ATOM vs A: 0.464 - Moderate Positive
Moved in same direction 60 days (61.2%) • Opposite direction 38 days • 100 data points
ATOM vs TREE: 0.375 - Moderate Positive
Moved in same direction 52 days (55.9%) • Opposite direction 41 days • 94 data points
A vs TREE: 0.695 - Strong Positive
Moved in same direction 72 days (78.3%) • Opposite direction 20 days • 94 data points

Overall Statistics:

Average Correlation: 0.511

Highest Correlation: 0.695

Lowest Correlation: 0.375

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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TREE 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
TREE: Kraken
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