INJ INJ / FTT Crypto vs C C / FTT Crypto vs NODE NODE / FTT 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: 0.661 - Strong Positive
Moved in same direction 69 days (64.5%) • Opposite direction 38 days • 107 data points
INJ vs NODE: 0.403 - Moderate Positive
Moved in same direction 46 days (49.5%) • Opposite direction 47 days • 94 data points
C vs NODE: 0.351 - Moderate Positive
Moved in same direction 47 days (50.5%) • Opposite direction 46 days • 94 data points

Overall Statistics:

Average Correlation: 0.471

Highest Correlation: 0.661

Lowest Correlation: 0.351

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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NODE 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
NODE: Kraken
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