H H / FORTH Crypto vs C C / FORTH Crypto vs FLOW FLOW / FORTH 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

H vs C: -0.415 - Moderate Negative
Moved in same direction 25 days (43.1%) • Opposite direction 33 days • 58 data points
H vs FLOW: -0.458 - Moderate Negative
Moved in same direction 33 days (57.9%) • Opposite direction 24 days • 58 data points
C vs FLOW: 0.477 - Moderate Positive
Moved in same direction 58 days (58.6%) • Opposite direction 41 days • 100 data points

Overall Statistics:

Average Correlation: -0.132

Highest Correlation: 0.477

Lowest Correlation: -0.458

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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H Correlation Chart Daily Correlations

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C Correlation Chart Daily Correlations

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FLOW 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

H: Kraken
C: Binance
FLOW: Kraken
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