M M / PYTH Crypto vs UNI UNI / PYTH Crypto vs USDS USDS / PYTH 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

M vs UNI: 0.360 - Moderate Positive
Moved in same direction 55 days (56.1%) • Opposite direction 43 days • 98 data points
M vs USDS: 0.352 - Moderate Positive
Moved in same direction 57 days (58.2%) • Opposite direction 41 days • 98 data points
UNI vs USDS: 0.242 - Weak/No Correlation
Moved in same direction 203 days (59.2%) • Opposite direction 140 days • 343 data points

Overall Statistics:

Average Correlation: 0.318

Highest Correlation: 0.360

Lowest Correlation: 0.242

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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M Correlation Chart Daily Correlations

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UNI Correlation Chart Daily Correlations

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USDS 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

M: Kraken
UNI: Kraken
USDS: Kraken
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