Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.59523886 |
details, prediction |
XRP
XRP
|
0.57982606 |
details, prediction |
Decentraland
MANA
|
0.57861656 |
details, prediction |
UNUS SED LEO
LEO
|
0.56454515 |
details, prediction |
Matic Network
MATIC
|
0.5435756 |
details, prediction |
Second tier
|
FunFair
FUN
|
0.60573643 |
details, prediction |
Waves
WAVES
|
0.5743585 |
details, prediction |
Basic Attention Token
BAT
|
0.56569356 |
details, prediction |
Bitcoin Diamond
BCD
|
0.5619782 |
details, prediction |
Quant Network
QNT
|
0.56094426 |
details, prediction |
Third tier
|
indaHash
IDH
|
0.81390774 |
details, prediction |
AeonCoin
AEON
|
0.77012557 |
details, prediction |
QASH
QASH
|
0.7596541 |
details, prediction |
NAGA
NGC
|
0.75429386 |
details, prediction |
Hive
HVN
|
0.7313627 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Particl 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 Particl
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.38006696 |
details, prediction |
Monero
XMR
|
-0.051958345 |
details, prediction |
KuCoin Shares
KCS
|
0.12627952 |
details, prediction |
Dogecoin
DOGE
|
0.26031584 |
details, prediction |
Vechain
VET
|
0.35374206 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.3485501 |
details, prediction |
Dai
DAI
|
-0.33531526 |
details, prediction |
True USD
TUSD
|
-0.31969756 |
details, prediction |
GXShares
GXS
|
-0.30294222 |
details, prediction |
BitTorrent
BTT
|
-0.27658013 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.59686404 |
details, prediction |
Faceter
FACE
|
-0.535841 |
details, prediction |
Cryptaur
CPT
|
-0.5177215 |
details, prediction |
Seele
SEELE
|
-0.4758701 |
details, prediction |
aXpire
AXPR
|
-0.4654904 |
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)