Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.6669605 |
details, prediction |
XRP
XRP
|
0.6449551 |
details, prediction |
Binance Coin
BNB
|
0.642585 |
details, prediction |
Ethereum
ETH
|
0.60078037 |
details, prediction |
Cardano
ADA
|
0.5849748 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.76483035 |
details, prediction |
DigiByte
DGB
|
0.7251119 |
details, prediction |
Siacoin
SC
|
0.71914244 |
details, prediction |
ARK
ARK
|
0.70241857 |
details, prediction |
Status
SNT
|
0.68650633 |
details, prediction |
Third tier
|
Experience Points
XP
|
0.9698056 |
details, prediction |
Synereo
AMP
|
0.9032747 |
details, prediction |
DubaiCoin
DBIX
|
0.8820246 |
details, prediction |
Xriba
XRA
|
0.8545122 |
details, prediction |
Crown Coin
CRW
|
0.7993298 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PolicyPal Network 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 PolicyPal Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.46053815 |
details, prediction |
Cosmos
ATOM
|
-0.21679194 |
details, prediction |
Vechain
VET
|
-0.15359992 |
details, prediction |
Matic Network
MATIC
|
-0.059695404 |
details, prediction |
SONM
SNM
|
0.14391711 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.5530695 |
details, prediction |
FTX Token
FTT
|
-0.5098256 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.46635377 |
details, prediction |
Enjin Coin
ENJ
|
-0.36705956 |
details, prediction |
Horizen
ZEN
|
-0.31171495 |
details, prediction |
Third tier
|
Blockport
BPT
|
-0.4924458 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.4912249 |
details, prediction |
GoChain
GO
|
-0.48573792 |
details, prediction |
Lamden Tau
TAU
|
-0.43395916 |
details, prediction |
Unibright
UBT
|
-0.42434207 |
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)