ATOM ATOM / MATH Crypto vs A A / MATH Crypto vs NODE NODE / MATH 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: 0.870 - Very Strong Positive
Moved in same direction 63 days (81.8%) • Opposite direction 14 days • 78 data points
ATOM vs NODE: 0.168 - Weak/No Correlation
Moved in same direction 36 days (51.4%) • Opposite direction 34 days • 70 data points
A vs NODE: 0.269 - Weak/No Correlation
Moved in same direction 45 days (65.2%) • Opposite direction 24 days • 70 data points

Overall Statistics:

Average Correlation: 0.436

Highest Correlation: 0.870

Lowest Correlation: 0.168

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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NODE 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
NODE: Kraken
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