Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.45291743 |
details, prediction |
USD//Coin
USDC
|
0.25133765 |
details, prediction |
ChainLink
LINK
|
0.18931507 |
details, prediction |
NEO
NEO
|
-0.012818347 |
details, prediction |
EOS
EOS
|
-0.049274053 |
details, prediction |
Second tier
|
BitTorrent
BTT
|
0.7784404 |
details, prediction |
HoloToken
HOT
|
0.45387897 |
details, prediction |
Quant Network
QNT
|
0.39282453 |
details, prediction |
Stox
STX
|
0.27601075 |
details, prediction |
Paxos Standard
PAX
|
0.24155091 |
details, prediction |
Third tier
|
CEEK
CEEK
|
0.75759816 |
details, prediction |
FantomCoin
FCN
|
0.7428109 |
details, prediction |
Xaurum
XAUR
|
0.6814548 |
details, prediction |
SyncFab
MFG
|
0.67474407 |
details, prediction |
Digix Gold Token
DGX
|
0.66897386 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Paymon 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 Paymon
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.67834866 |
details, prediction |
Fantom
FTM
|
-0.66923255 |
details, prediction |
Stellar
XLM
|
-0.64043105 |
details, prediction |
SONM
SNM
|
-0.4852687 |
details, prediction |
Tezos
XTZ
|
-0.45675704 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.71935564 |
details, prediction |
Decentraland
MANA
|
-0.66215426 |
details, prediction |
IoTeX
IOTX
|
-0.58940053 |
details, prediction |
Propy
PRO
|
-0.5760367 |
details, prediction |
Lisk
LSK
|
-0.5547856 |
details, prediction |
Third tier
|
BrahmaOS
BRM
|
-0.79727626 |
details, prediction |
Aurora Chain
AOA
|
-0.72761726 |
details, prediction |
Project Pai
PAI
|
-0.72123146 |
details, prediction |
High Performance Blockchain
HPB
|
-0.71127564 |
details, prediction |
GoChain
GO
|
-0.706368 |
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)