AVAX AVAX / SIS Crypto vs F F / USD Crypto vs FRAG FRAG / 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: 0.167 - Weak/No Correlation
Moved in same direction 191 days (58.6%) • Opposite direction 135 days • 326 data points
AVAX vs FRAG: -0.286 - Weak/No Correlation
Moved in same direction 67 days (56.3%) • Opposite direction 52 days • 119 data points
F vs FRAG: -0.037 - Weak/No Correlation
Moved in same direction 77 days (64.2%) • Opposite direction 43 days • 120 data points

Overall Statistics:

Average Correlation: -0.052

Highest Correlation: 0.167

Lowest Correlation: -0.286

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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FRAG 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
FRAG: Bybit
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