Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.9617034 |
details, prediction |
NEO
NEO
|
0.951897 |
details, prediction |
Ethereum
ETH
|
0.94515955 |
details, prediction |
SONM
SNM
|
0.93341863 |
details, prediction |
IOTA
IOT
|
0.92673403 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
0.96545035 |
details, prediction |
QTUM
QTUM
|
0.9633502 |
details, prediction |
OmiseGo
OMG
|
0.9628422 |
details, prediction |
Kyber Network
KNC
|
0.9586346 |
details, prediction |
OriginTrail
TRAC
|
0.95774245 |
details, prediction |
Third tier
|
Hydro Protocol
HOT
|
0.97044 |
details, prediction |
Egretia
EGT
|
0.9681704 |
details, prediction |
TE-FOOD
TFD
|
0.96586114 |
details, prediction |
CEEK
CEEK
|
0.96436614 |
details, prediction |
Token as a Service
TAAS
|
0.9637892 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PlatinumBAR 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 PlatinumBAR
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.7261762 |
details, prediction |
Dogecoin
DOGE
|
-0.5510545 |
details, prediction |
Vechain
VET
|
0.008649998 |
details, prediction |
XRP
XRP
|
0.26415393 |
details, prediction |
Stellar
XLM
|
0.32441336 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.800345 |
details, prediction |
HoloToken
HOT
|
-0.6688827 |
details, prediction |
Quant Network
QNT
|
-0.38091126 |
details, prediction |
XYO Network
XYO
|
0.049217157 |
details, prediction |
Dai
DAI
|
0.12497823 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.89815986 |
details, prediction |
Vitae
VITAE
|
-0.685445 |
details, prediction |
BHPCash
BHPC
|
-0.63391066 |
details, prediction |
BitConnect
BCC
|
-0.537432 |
details, prediction |
Dreamscape
DSC
|
-0.52007574 |
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)