INJ INJ / ALGO Crypto vs C C / USD Crypto vs API3 API3 / 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

INJ vs C: 0.477 - Moderate Positive
Moved in same direction 62 days (58.5%) • Opposite direction 44 days • 107 data points
INJ vs API3: 0.164 - Weak/No Correlation
Moved in same direction 209 days (61.8%) • Opposite direction 129 days • 343 data points
C vs API3: 0.253 - Weak/No Correlation
Moved in same direction 71 days (68.3%) • Opposite direction 33 days • 107 data points

Overall Statistics:

Average Correlation: 0.298

Highest Correlation: 0.477

Lowest Correlation: 0.164

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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INJ Correlation Chart Daily Correlations

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C Correlation Chart Daily Correlations

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API3 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

INJ: Kraken
C: Binance
API3: Kraken
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