Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.8109529 |
details, prediction |
Bitcoin
BTC
|
0.6438752 |
details, prediction |
IOTA
IOT
|
0.49838716 |
details, prediction |
NEO
NEO
|
0.4199039 |
details, prediction |
Theta
THETA
|
0.4029867 |
details, prediction |
Second tier
|
Dent
DENT
|
0.7773029 |
details, prediction |
Lisk
LSK
|
0.6845007 |
details, prediction |
ICON
ICX
|
0.63615686 |
details, prediction |
Gas
GAS
|
0.63307315 |
details, prediction |
Nano
NANO
|
0.63212496 |
details, prediction |
Third tier
|
Presearch
PRE
|
0.9457096 |
details, prediction |
RealTract
RET
|
0.9127623 |
details, prediction |
Moneytoken
IMT
|
0.8830066 |
details, prediction |
PotCoin
POT
|
0.8396201 |
details, prediction |
EdenChain
EDN
|
0.8131443 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PKG token 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 PKG token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.35563686 |
details, prediction |
Maker
MKR
|
-0.28641227 |
details, prediction |
Stellar
XLM
|
-0.22952437 |
details, prediction |
Tezos
XTZ
|
-0.21775913 |
details, prediction |
SONM
SNM
|
-0.11553921 |
details, prediction |
Second tier
|
XYO Network
XYO
|
-0.37056983 |
details, prediction |
Quant Network
QNT
|
-0.3662209 |
details, prediction |
SwissBorg
CHSB
|
-0.3366571 |
details, prediction |
Nexo
NEXO
|
-0.32532457 |
details, prediction |
Bitcoin Gold
BTG
|
-0.28159732 |
details, prediction |
Third tier
|
Dero
DERO
|
-0.8413967 |
details, prediction |
Dreamscape
DSC
|
-0.7955672 |
details, prediction |
Nasdacoin
NSD
|
-0.7800835 |
details, prediction |
Spectre.ai Dividend Token
SXDT
|
-0.6790329 |
details, prediction |
Tidex Token
TDX
|
-0.67684853 |
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)