Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.89761335 |
details, prediction |
Binance Coin
BNB
|
0.895208 |
details, prediction |
Tezos
XTZ
|
0.8822421 |
details, prediction |
Litecoin
LTC
|
0.8786818 |
details, prediction |
XRP
XRP
|
0.8758824 |
details, prediction |
Second tier
|
Decred
DCR
|
0.9339427 |
details, prediction |
Huobi Token
HT
|
0.9214305 |
details, prediction |
Aragon
ANT
|
0.90907586 |
details, prediction |
MonaCoin
MONA
|
0.8999212 |
details, prediction |
QTUM
QTUM
|
0.89574564 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.9445077 |
details, prediction |
FNKOS
FNKOS
|
0.94418144 |
details, prediction |
Dether
DTH
|
0.93756884 |
details, prediction |
Divi
DIVX
|
0.9343898 |
details, prediction |
Bytom
BTM
|
0.92841095 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PacCoin 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 PacCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.38502347 |
details, prediction |
Vechain
VET
|
-0.38215795 |
details, prediction |
Dogecoin
DOGE
|
-0.35361192 |
details, prediction |
Bitcoin
BTC
|
0.14117596 |
details, prediction |
Stellar
XLM
|
0.2970228 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.37889516 |
details, prediction |
Dai
DAI
|
-0.05796899 |
details, prediction |
DigiByte
DGB
|
0.09064819 |
details, prediction |
Horizen
ZEN
|
0.15832448 |
details, prediction |
True USD
TUSD
|
0.31116465 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.8219258 |
details, prediction |
Vitae
VITAE
|
-0.7248381 |
details, prediction |
NIX
NIX
|
-0.6419339 |
details, prediction |
BHPCash
BHPC
|
-0.56066304 |
details, prediction |
Bittwatt
BWT
|
-0.5037992 |
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)