ATOM ATOM / IMX Crypto vs A A / IMX Crypto vs SHELL SHELL / IMX 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: 0.812 - Very Strong Positive
Moved in same direction 93 days (83.8%) • Opposite direction 18 days • 111 data points
ATOM vs SHELL: 0.439 - Moderate Positive
Moved in same direction 159 days (61.9%) • Opposite direction 98 days • 257 data points
A vs SHELL: 0.331 - Moderate Positive
Moved in same direction 76 days (68.5%) • Opposite direction 35 days • 111 data points

Overall Statistics:

Average Correlation: 0.527

Highest Correlation: 0.812

Lowest Correlation: 0.331

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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SHELL 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
SHELL: Binance
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