AVAX AVAX / PYTH Crypto vs F F / USD Crypto vs ETC ETC / 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: -0.042 - Weak/No Correlation
Moved in same direction 131 days (42.7%) • Opposite direction 176 days • 307 data points
AVAX vs ETC: -0.046 - Weak/No Correlation
Moved in same direction 156 days (45.7%) • Opposite direction 185 days • 341 data points
F vs ETC: 0.313 - Moderate Positive
Moved in same direction 213 days (69.4%) • Opposite direction 94 days • 307 data points

Overall Statistics:

Average Correlation: 0.075

Highest Correlation: 0.313

Lowest Correlation: -0.046

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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ETC 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
ETC: Coinbase
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