AVAX AVAX / PYTH Crypto vs F F / PYTH Crypto vs ETC ETC / 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.

Generating...

Settings

🤖 AI Analysis

Ask me anything about the data on this page. I can help explain metrics, identify patterns, or answer specific questions.

Correlation Summary

AVAX vs F: 0.253 - Weak/No Correlation
Moved in same direction 173 days (55.3%) • Opposite direction 140 days • 314 data points
AVAX vs ETC: 0.710 - Strong Positive
Moved in same direction 250 days (73.1%) • Opposite direction 92 days • 342 data points
F vs ETC: 0.420 - Moderate Positive
Moved in same direction 191 days (61.0%) • Opposite direction 122 days • 313 data points

Overall Statistics:

Average Correlation: 0.461

Highest Correlation: 0.710

Lowest Correlation: 0.253

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.

Calculating... Calculating... Calculating...

AVAX Correlation Chart Daily Correlations

Generating chart description...

F Correlation Chart Daily Correlations

Generating chart description...

ETC Correlation Chart Daily Correlations

Generating chart description...

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
ByBit Futures Trading Trade hundreds of crypto perpetual futures