These move together about 85% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Cardano
ADA
Smart Contract · USD pair
Hedera
HBAR
Smart Contract · USD pair
What to Watch
Drifting from pattern
Recent correlation (+97%) is running 1.0σ away from the long-run average of +90%.
Tighter in drawdowns
Pair moves more tightly when both fall (+84%) than when both rise (+52%) — typical risk-off behaviour.
Rock solid
Correlation barely moves across time windows — treat this as a reliable relationship.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+90%
No shift — both series at their actual dates.
730 overlapping points at this shift
Time series with Hedera at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+90%
Pearson correlation
95% CI
+89% → +92%
Likely range
R²
81.8%
Variance explained
Trend agreement
85.1%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
730
Robust
Pipeline
Pipeline Summary
730 paired data points survived the daily window.
Raw input
730
730
Normalized
730
730
Prepared
730
730
Aligned
730
730
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
ADA
Cardano
Strongest inverse
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+52%
105 periods · Return correlation when both series rose
Both Falling
+84%
115 periods · Return correlation when both series fell
Diverging
-47%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Cardano
ADA
Crypto · 730 raw → 730 prepared
Series B
Hedera
HBAR
Crypto · 730 raw → 730 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
16
Estimated crossover points between normalized spreads.
Slope
0.2881
Linear regression slope.
Intercept
-0.0139
Linear regression intercept.
Saved 2 days ago · ID: crypto:ada|crypto:hbar|5Y
HBAR
Hedera
Strongest positive