Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Decentraland
MANA
|
0.7932527 |
details, prediction |
Fantom
FTM
|
0.7851263 |
details, prediction |
Matic Network
MATIC
|
0.68025297 |
details, prediction |
IOTA
IOT
|
0.6776667 |
details, prediction |
Cosmos
ATOM
|
0.63726974 |
details, prediction |
Second tier
|
Bitcoin Diamond
BCD
|
0.8448624 |
details, prediction |
Elastos
ELA
|
0.7892004 |
details, prediction |
SwissBorg
CHSB
|
0.75013477 |
details, prediction |
Aragon
ANT
|
0.73574257 |
details, prediction |
Electroneum
ETN
|
0.72744167 |
details, prediction |
Third tier
|
Cappasity
CAPP
|
0.84683233 |
details, prediction |
United Traders Token
UTT
|
0.84057176 |
details, prediction |
Phantasma
SOUL
|
0.8300016 |
details, prediction |
Ubiq
UBQ
|
0.8264072 |
details, prediction |
Ripio
RCN
|
0.82437766 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Presearch 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 Presearch
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.6089279 |
details, prediction |
Monero
XMR
|
-0.2513951 |
details, prediction |
ZCash
ZEC
|
0.041102283 |
details, prediction |
Waves
WAVES
|
0.042989008 |
details, prediction |
Ethereum Classic
ETC
|
0.1008562 |
details, prediction |
Second tier
|
GXShares
GXS
|
-0.547022 |
details, prediction |
Paxos Standard
PAX
|
-0.53526473 |
details, prediction |
Dai
DAI
|
-0.45995784 |
details, prediction |
USD//Coin
USDC
|
-0.40786493 |
details, prediction |
Zilliqa
ZIL
|
-0.2526116 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.74353665 |
details, prediction |
Seele
SEELE
|
-0.69962204 |
details, prediction |
FeatherCoin
FTC
|
-0.67616385 |
details, prediction |
Haven Protocol
XHV
|
-0.65917474 |
details, prediction |
CloakCoin
CLOAK
|
-0.63464934 |
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)