Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.7882264 |
details, prediction |
XRP
XRP
|
0.57667863 |
details, prediction |
Stellar
XLM
|
0.5686025 |
details, prediction |
ZCash
ZEC
|
0.5313395 |
details, prediction |
KuCoin Shares
KCS
|
0.5157051 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.6685859 |
details, prediction |
Bitcoin Gold
BTG
|
0.5529181 |
details, prediction |
MonaCoin
MONA
|
0.5413949 |
details, prediction |
Metadium
META
|
0.49208534 |
details, prediction |
Bitcoin SV
BSV
|
0.48876864 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9195537 |
details, prediction |
Credit Tag Chain
CTC
|
0.83358574 |
details, prediction |
Molecule
MOL
|
0.7467528 |
details, prediction |
Cashaa
CAS
|
0.74500895 |
details, prediction |
SUQA
SUQA
|
0.72841156 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Profile Utility Token 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 Profile Utility Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
9.658452E-4 |
details, prediction |
Dogecoin
DOGE
|
0.21727441 |
details, prediction |
Binance Coin
BNB
|
0.34498188 |
details, prediction |
Litecoin
LTC
|
0.37279594 |
details, prediction |
Cardano
ADA
|
0.39729914 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.3282373 |
details, prediction |
XYO Network
XYO
|
-0.10200683 |
details, prediction |
Dai
DAI
|
-0.033654485 |
details, prediction |
Paxos Standard
PAX
|
-0.02779759 |
details, prediction |
True USD
TUSD
|
0.120118946 |
details, prediction |
|
Third tier
|
Linkey
LKY
|
-0.67664546 |
details, prediction |
Envion
EVN
|
-0.39937794 |
details, prediction |
Opacity
OPQ
|
-0.3903606 |
details, prediction |
Unobtanium
UNO
|
-0.37691772 |
details, prediction |
GoldCoin
GLD
|
-0.35959128 |
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)