Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.18822116 |
details, prediction |
KuCoin Shares
KCS
|
0.070555046 |
details, prediction |
Matic Network
MATIC
|
0.06300953 |
details, prediction |
Cardano
ADA
|
-0.13857242 |
details, prediction |
USD//Coin
USDC
|
-0.1420093 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.8272764 |
details, prediction |
SwissBorg
CHSB
|
0.7468872 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.663588 |
details, prediction |
IoTeX
IOTX
|
0.5490088 |
details, prediction |
Polymath Network
POLY
|
0.5113885 |
details, prediction |
Third tier
|
PeerCoin
PPC
|
0.89772743 |
details, prediction |
Nexty
NTY
|
0.88848394 |
details, prediction |
BHPCash
BHPC
|
0.88469374 |
details, prediction |
Infinite Coin
IFC
|
0.87813574 |
details, prediction |
Tidex Token
TDX
|
0.87089026 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Patron 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 Patron
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.7044944 |
details, prediction |
Bitcoin
BTC
|
-0.6717074 |
details, prediction |
Bitcoin SV
BSV
|
-0.6630122 |
details, prediction |
Ethereum
ETH
|
-0.6607281 |
details, prediction |
ChainLink
LINK
|
-0.6515929 |
details, prediction |
Second tier
|
Dent
DENT
|
-0.7459011 |
details, prediction |
BitTorrent
BTT
|
-0.6883714 |
details, prediction |
MonaCoin
MONA
|
-0.688249 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6530133 |
details, prediction |
HoloToken
HOT
|
-0.64091855 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
-0.87713003 |
details, prediction |
Solve.Care
SOLVE
|
-0.7839412 |
details, prediction |
Token as a Service
TAAS
|
-0.7783462 |
details, prediction |
SaluS
SLS
|
-0.72304624 |
details, prediction |
AeonCoin
AEON
|
-0.7156295 |
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)