AVAX AVAX / PYTH Crypto vs F F / PYTH Crypto vs ASTR ASTR / 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: 0.304 - Moderate Positive
Moved in same direction 173 days (56.4%) • Opposite direction 134 days • 307 data points
AVAX vs ASTR: 0.708 - Strong Positive
Moved in same direction 236 days (68.6%) • Opposite direction 108 days • 344 data points
F vs ASTR: 0.342 - Moderate Positive
Moved in same direction 195 days (63.5%) • Opposite direction 112 days • 307 data points

Overall Statistics:

Average Correlation: 0.452

Highest Correlation: 0.708

Lowest Correlation: 0.304

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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ASTR 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
ASTR: Kraken
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