XRP XRP / ALGO Crypto vs C C / USD Crypto vs XUSD XUSD / 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

XRP vs C: -0.406 - Moderate Negative
Moved in same direction 38 days (39.2%) • Opposite direction 59 days • 98 data points
XRP vs XUSD: 0.101 - Weak/No Correlation
Moved in same direction 91 days (52.6%) • Opposite direction 82 days • 219 data points
C vs XUSD: -0.184 - Weak/No Correlation
Moved in same direction 38 days (48.1%) • Opposite direction 41 days • 99 data points

Overall Statistics:

Average Correlation: -0.163

Highest Correlation: 0.101

Lowest Correlation: -0.406

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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XRP Correlation Chart Daily Correlations

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C Correlation Chart Daily Correlations

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XUSD 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

XRP: Coinbase
C: Binance
XUSD: Binance
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