Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.93323445 |
details, prediction |
Ethereum Classic
ETC
|
0.9198422 |
details, prediction |
Litecoin
LTC
|
0.9149547 |
details, prediction |
KuCoin Shares
KCS
|
0.89854926 |
details, prediction |
Monero
XMR
|
0.8941491 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.9424462 |
details, prediction |
DigiByte
DGB
|
0.9404267 |
details, prediction |
Vechain
VET
|
0.93945783 |
details, prediction |
Ardor
ARDR
|
0.9329868 |
details, prediction |
SwissBorg
CHSB
|
0.9316655 |
details, prediction |
|
Third tier
|
Yggdrash
YEED
|
0.9758214 |
details, prediction |
ReddCoin
RDD
|
0.97127765 |
details, prediction |
Distributed Credit Chain
DCC
|
0.9642492 |
details, prediction |
PrimeCoin
XPM
|
0.9618439 |
details, prediction |
Airbloc
ABL
|
0.96072966 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Pareto 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 Pareto Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.32438335 |
details, prediction |
Maker
MKR
|
0.6740803 |
details, prediction |
TRON
TRX
|
0.71343416 |
details, prediction |
XRP
XRP
|
0.7764622 |
details, prediction |
Stellar
XLM
|
0.80847615 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.4560791 |
details, prediction |
Dai
DAI
|
-0.35578388 |
details, prediction |
Paxos Standard
PAX
|
-0.24511123 |
details, prediction |
Waves
WAVES
|
-0.22558816 |
details, prediction |
True USD
TUSD
|
-0.15267743 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
-0.8153244 |
details, prediction |
CWV Chain
CWV
|
-0.76328146 |
details, prediction |
Tycoon Global
TCT
|
-0.744109 |
details, prediction |
ODEM
ODEM
|
-0.68980956 |
details, prediction |
Factom
FCT
|
-0.68650573 |
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)