Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.9244453 |
details, prediction |
ChainLink
LINK
|
0.9097221 |
details, prediction |
NEO
NEO
|
0.8971374 |
details, prediction |
IOTA
IOT
|
0.89510167 |
details, prediction |
XRP
XRP
|
0.8891193 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.9561709 |
details, prediction |
FirstBlood
1ST
|
0.9206557 |
details, prediction |
Aragon
ANT
|
0.91412497 |
details, prediction |
Propy
PRO
|
0.9133323 |
details, prediction |
Metal
MTL
|
0.90909785 |
details, prediction |
Third tier
|
DeviantCoin
DEV
|
0.9531639 |
details, prediction |
PCHAIN
PAI
|
0.9509237 |
details, prediction |
DAOstack
GEN
|
0.9479663 |
details, prediction |
FedoraCoin
TIPS
|
0.9449501 |
details, prediction |
DeepOnion
ONION
|
0.93795073 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ProCurrency 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 ProCurrency
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.092422105 |
details, prediction |
Theta
THETA
|
0.2881718 |
details, prediction |
Tezos
XTZ
|
0.41040784 |
details, prediction |
Ethereum Classic
ETC
|
0.65316945 |
details, prediction |
SONM
SNM
|
0.7588609 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.3914155 |
details, prediction |
Dai
DAI
|
-0.019448588 |
details, prediction |
True USD
TUSD
|
0.17938259 |
details, prediction |
Decred
DCR
|
0.36648616 |
details, prediction |
DigiByte
DGB
|
0.4050437 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.75805426 |
details, prediction |
WeAreSatoshi
WSX
|
-0.7511605 |
details, prediction |
Docademic
MTC
|
-0.65376294 |
details, prediction |
Bitcedi
BXC
|
-0.63210577 |
details, prediction |
GoChain
GO
|
-0.5250146 |
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)