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Correlations: Asset price trends over time

Understand how markets move together and diverge over time.

The Cryptowatch Correlations tool is unique in the crypto space today. This tool compares assets, delivering insights on how their prices move together or apart.

Add or remove assets from the table by selecting/deselecting them from the scrollbar on the left.

You can add a number of assets to the table to see how their price action correlates over time. You can select periods of either 24h, 7d, 30d, or 1year.

Asset correlations are measured between -1 and 1.

Correlation

What it means

-1 (red)

Perfectly negative correlation. When one asset goes up, the other goes down.

+1 (green)

Perfectly positive correlation. When one asset goes up, so does the other.

We also display the confidence interval for that correlation figure — the interval in which the true correlation coefficient is located with 95% probability.

Confidence Interval

What it means

Green bar above dashed line

Indicates a statistically significant positive correlation

Red bar below dashed line

Indicates a statistically significant negative correlation

Bar rests on dashed line

Non-significant correlation