AVAX AVAX / PYTH Crypto vs F F / PYTH Crypto vs AIXBT AIXBT / 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

AVAX vs F: 0.253 - Weak/No Correlation
Moved in same direction 173 days (55.3%) • Opposite direction 140 days • 313 data points
AVAX vs AIXBT: 0.394 - Moderate Positive
Moved in same direction 145 days (52.2%) • Opposite direction 133 days • 278 data points
F vs AIXBT: 0.213 - Weak/No Correlation
Moved in same direction 153 days (55.0%) • Opposite direction 125 days • 278 data points

Overall Statistics:

Average Correlation: 0.287

Highest Correlation: 0.394

Lowest Correlation: 0.213

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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AIXBT 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
AIXBT: Bybit
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