S S / USD Crypto vs ETC ETC / USD Crypto vs TREE TREE / 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.

Generating...

Settings

🤖 AI Analysis

Ask me anything about the data on this page. I can help explain metrics, identify patterns, or answer specific questions.

Correlation Summary

S vs ETC: 0.778 - Strong Positive
Moved in same direction 143 days (80.3%) • Opposite direction 35 days • 178 data points
S vs TREE: 0.631 - Strong Positive
Moved in same direction 64 days (69.6%) • Opposite direction 28 days • 93 data points
ETC vs TREE: 0.628 - Strong Positive
Moved in same direction 71 days (77.2%) • Opposite direction 21 days • 93 data points

Overall Statistics:

Average Correlation: 0.679

Highest Correlation: 0.778

Lowest Correlation: 0.628

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.

Calculating... Calculating... Calculating...

S Correlation Chart Daily Correlations

Generating chart description...

ETC Correlation Chart Daily Correlations

Generating chart description...

TREE Correlation Chart Daily Correlations

Generating chart description...

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

S: Kraken
ETC: Coinbase
TREE: Kraken
ByBit Futures Trading Trade hundreds of crypto perpetual futures