Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.12759216 |
details, prediction |
Stellar
XLM
|
-0.16775742 |
details, prediction |
KuCoin Shares
KCS
|
-0.22688137 |
details, prediction |
XRP
XRP
|
-0.35182995 |
details, prediction |
Bitcoin Cash
BCH
|
-0.37952816 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.7555369 |
details, prediction |
USD//Coin
USDC
|
0.6301017 |
details, prediction |
True USD
TUSD
|
0.6100854 |
details, prediction |
Telcoin
TEL
|
0.268421 |
details, prediction |
aelf
ELF
|
0.14789295 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.75309026 |
details, prediction |
Storj
STORJ
|
0.6336785 |
details, prediction |
Constellation
DAG
|
0.6320519 |
details, prediction |
Phantasma
SOUL
|
0.593671 |
details, prediction |
HEROcoin
PLAY
|
0.5683211 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Propy 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 Propy
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.60754293 |
details, prediction |
Monero
XMR
|
-0.60369545 |
details, prediction |
Cardano
ADA
|
-0.58862096 |
details, prediction |
Binance Coin
BNB
|
-0.57587767 |
details, prediction |
ChainLink
LINK
|
-0.5484217 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.6119929 |
details, prediction |
Theta
THETA
|
-0.57697034 |
details, prediction |
Cosmos
ATOM
|
-0.56010807 |
details, prediction |
Decred
DCR
|
-0.5579133 |
details, prediction |
Vechain
VET
|
-0.5501026 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
-0.6076169 |
details, prediction |
Metal
MTL
|
-0.60181564 |
details, prediction |
QuarkChain
QKC
|
-0.58433974 |
details, prediction |
Electroneum
ETN
|
-0.54552346 |
details, prediction |
Steem
STEEM
|
-0.5216726 |
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)