AVAX AVAX / MEW Crypto vs F F / USD Crypto vs OBT OBT / 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

AVAX vs F: -0.076 - Weak/No Correlation
Moved in same direction 138 days (44.5%) • Opposite direction 172 days • 310 data points
AVAX vs OBT: -0.030 - Weak/No Correlation
Moved in same direction 133 days (50.4%) • Opposite direction 131 days • 265 data points
F vs OBT: 0.114 - Weak/No Correlation
Moved in same direction 158 days (59.6%) • Opposite direction 107 days • 266 data points

Overall Statistics:

Average Correlation: 0.003

Highest Correlation: 0.114

Lowest Correlation: -0.076

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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OBT 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
OBT: Bybit
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