AUD AUD / USD Crypto vs C C / USD Crypto vs HOOK HOOK / 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

AUD vs C: 0.347 - Moderate Positive
Moved in same direction 64 days (62.1%) • Opposite direction 39 days • 104 data points
AUD vs HOOK: 0.044 - Weak/No Correlation
Moved in same direction 197 days (58.3%) • Opposite direction 141 days • 343 data points
C vs HOOK: 0.527 - Moderate Positive
Moved in same direction 71 days (69.6%) • Opposite direction 31 days • 104 data points

Overall Statistics:

Average Correlation: 0.306

Highest Correlation: 0.527

Lowest Correlation: 0.044

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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AUD Correlation Chart Daily Correlations

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C Correlation Chart Daily Correlations

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HOOK 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

AUD: Kraken
C: Binance
HOOK: Bybit
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