ATOM ATOM / FORTH Crypto vs A A / FORTH Crypto vs NEIROCTO NEIROCTO / FORTH 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: 0.859 - Very Strong Positive
Moved in same direction 52 days (66.7%) • Opposite direction 26 days • 78 data points
ATOM vs NEIROCTO: 0.623 - Strong Positive
Moved in same direction 222 days (68.7%) • Opposite direction 101 days • 323 data points
A vs NEIROCTO: 0.709 - Strong Positive
Moved in same direction 47 days (60.3%) • Opposite direction 31 days • 78 data points

Overall Statistics:

Average Correlation: 0.730

Highest Correlation: 0.859

Lowest Correlation: 0.623

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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NEIROCTO 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
NEIROCTO: Bybit
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