INJ INJ / MDAO Crypto vs C C / MDAO Crypto vs PYTH PYTH / MDAO 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: 0.855 - Very Strong Positive
Moved in same direction 83 days (79.8%) • Opposite direction 21 days • 104 data points
INJ vs PYTH: 0.783 - Strong Positive
Moved in same direction 282 days (82.9%) • Opposite direction 58 days • 340 data points
C vs PYTH: 0.710 - Strong Positive
Moved in same direction 79 days (76.0%) • Opposite direction 25 days • 104 data points

Overall Statistics:

Average Correlation: 0.783

Highest Correlation: 0.855

Lowest Correlation: 0.710

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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PYTH 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
PYTH: Kraken
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