AVAX AVAX / ALGO Crypto vs F F / ALGO Crypto vs BIT BIT / ALGO 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

AVAX vs F: 0.178 - Weak/No Correlation
Moved in same direction 182 days (59.3%) • Opposite direction 125 days • 307 data points
AVAX vs BIT: 0.260 - Weak/No Correlation
Moved in same direction 193 days (56.1%) • Opposite direction 151 days • 344 data points
F vs BIT: 0.140 - Weak/No Correlation
Moved in same direction 188 days (61.2%) • Opposite direction 119 days • 307 data points

Overall Statistics:

Average Correlation: 0.192

Highest Correlation: 0.260

Lowest Correlation: 0.140

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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AVAX Correlation Chart Daily Correlations

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F Correlation Chart Daily Correlations

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BIT 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

AVAX: Kraken
F: Bybit
BIT: Kraken
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