AUD AUD / FTT Crypto vs C C / FTT Crypto vs RSS3 RSS3 / FTT 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: 0.452 - Moderate Positive
Moved in same direction 51 days (59.3%) • Opposite direction 35 days • 86 data points
AUD vs RSS3: 0.289 - Weak/No Correlation
Moved in same direction 217 days (63.3%) • Opposite direction 126 days • 343 data points
C vs RSS3: 0.649 - Strong Positive
Moved in same direction 47 days (54.7%) • Opposite direction 39 days • 86 data points

Overall Statistics:

Average Correlation: 0.464

Highest Correlation: 0.649

Lowest Correlation: 0.289

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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RSS3 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
RSS3: Bybit
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