Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.8120365 |
details, prediction |
Bitcoin SV
BSV
|
0.793543 |
details, prediction |
Fantom
FTM
|
0.6539718 |
details, prediction |
KuCoin Shares
KCS
|
0.6393682 |
details, prediction |
SONM
SNM
|
0.6293298 |
details, prediction |
Second tier
|
NEM
XEM
|
0.8697358 |
details, prediction |
0x
ZRX
|
0.84403294 |
details, prediction |
Polymath Network
POLY
|
0.76603246 |
details, prediction |
Decentraland
MANA
|
0.71293557 |
details, prediction |
Siacoin
SC
|
0.71001464 |
details, prediction |
Third tier
|
Gulden
NLG
|
0.90888906 |
details, prediction |
FeatherCoin
FTC
|
0.88790125 |
details, prediction |
PrimeCoin
XPM
|
0.87542766 |
details, prediction |
Ionomy
ION
|
0.87332433 |
details, prediction |
Docademic
MTC
|
0.86793745 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PRASM 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 PRASM
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.7853223 |
details, prediction |
Litecoin
LTC
|
-0.7341615 |
details, prediction |
Theta
THETA
|
-0.6337579 |
details, prediction |
Maker
MKR
|
-0.6004866 |
details, prediction |
TRON
TRX
|
-0.57201606 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.78265 |
details, prediction |
HoloToken
HOT
|
-0.7458511 |
details, prediction |
Internet of Services
IOST
|
-0.6576446 |
details, prediction |
iEx.ec
RLC
|
-0.60168284 |
details, prediction |
ARK
ARK
|
-0.59370065 |
details, prediction |
Third tier
|
DAOstack
GEN
|
-0.8590347 |
details, prediction |
TomoChain
TOMO
|
-0.8037729 |
details, prediction |
Santiment
SAN
|
-0.8011522 |
details, prediction |
Chainium
CHX
|
-0.8008574 |
details, prediction |
CommerceBlock
CBT
|
-0.750812 |
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)