Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.9061506 |
details, prediction |
SONM
SNM
|
0.90171385 |
details, prediction |
Litecoin
LTC
|
0.84633285 |
details, prediction |
NEO
NEO
|
0.844002 |
details, prediction |
XRP
XRP
|
0.83273196 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.9304072 |
details, prediction |
Aragon
ANT
|
0.9253786 |
details, prediction |
Cortex
CTXC
|
0.92158765 |
details, prediction |
ICON
ICX
|
0.91806215 |
details, prediction |
Loopring
LRC
|
0.91755193 |
details, prediction |
Third tier
|
Fitrova
FRV
|
0.97329456 |
details, prediction |
Melon
MLN
|
0.95096797 |
details, prediction |
NovaCoin
NVC
|
0.93814737 |
details, prediction |
Titanium BAR [NEW]
TBAR
|
0.9378797 |
details, prediction |
Revain
R
|
0.93425816 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Parkgene price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Parkgene
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
-0.23589286 |
details, prediction |
Binance Coin
BNB
|
0.1465528 |
details, prediction |
Bitcoin
BTC
|
0.2748973 |
details, prediction |
Stellar
XLM
|
0.27710244 |
details, prediction |
Dogecoin
DOGE
|
0.41122997 |
details, prediction |
Second tier
|
Decentraland
MANA
|
-0.43797213 |
details, prediction |
DigiByte
DGB
|
-0.13838926 |
details, prediction |
Dai
DAI
|
-0.10281254 |
details, prediction |
Basic Attention Token
BAT
|
-0.08054781 |
details, prediction |
Power Ledger
POWR
|
0.28949594 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.8337215 |
details, prediction |
AurumCoin
AU
|
-0.79586077 |
details, prediction |
Bitcedi
BXC
|
-0.70462066 |
details, prediction |
GoChain
GO
|
-0.6002295 |
details, prediction |
Metaverse
ETP
|
-0.54093075 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)