Correlation Analysis Tool
Compare price movements between two cryptocurrencies and measure their correlation
Popular Pairs
Pearson Correlation (R)
Measures how closely the two coins move together
Correlation Guide
+0.8 to +1.0
Very Strong +
+0.4 to +0.8
Moderate +
-0.4 to +0.4
Weak/None
-0.8 to -0.4
Moderate -
-1.0 to -0.8
Very Strong -
Price Movement Overlay
Normalized to % change from start
bitcoin
ethereum
Understanding Correlation
What is Correlation?
Correlation measures how two assets move in relation to each other. A correlation of +1 means they move perfectly together, -1 means they move in opposite directions, and 0 means no relationship.
Why It Matters
Understanding correlation helps with portfolio diversification. Assets with low or negative correlation can reduce overall portfolio risk, while highly correlated assets may amplify gains (and losses).
Note: Past correlation doesn't guarantee future correlation. Crypto markets are highly volatile and correlations can change rapidly, especially during market stress events.