AUD AUD / PYTH Crypto vs C C / PYTH Crypto vs CHEX CHEX / PYTH 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: 0.436 - Moderate Positive
Moved in same direction 53 days (61.6%) • Opposite direction 33 days • 86 data points
AUD vs CHEX: 0.416 - Moderate Positive
Moved in same direction 70 days (60.3%) • Opposite direction 46 days • 116 data points
C vs CHEX: 0.492 - Moderate Positive
Moved in same direction 54 days (62.8%) • Opposite direction 32 days • 86 data points

Overall Statistics:

Average Correlation: 0.448

Highest Correlation: 0.492

Lowest Correlation: 0.416

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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CHEX 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
CHEX: Kraken
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