Correlation BTC and STEEM and other top coins - Regression analysis BTC/STEEM

in #crypto6 years ago

I have attached some analysis on the correlation of BTC, STEEM and other top coins based on the last 30 days (ending 9.9.)
The basic data shows that BTC has performed better (+ 1,9%) than STEEM (-22,2%) within a more narrow price range.
The correlation the last 7 days ending 9.9.18 was 98%, whereas it was only 48% during the last 30 days.

Tacho2 1 - 11-9-18.jpg

Below the 30 day moving correlation BTC/STEEM and regression BTC/STEEM which shows the theoretical prices for STEEM based on the correlation of the past 30 days.

Tacho2 2- 11-9-18.jpg

Through the BTC fall you can see that the correlation with STEEM was reduced. The correlation fell to 48 after the bitcoin fall last week. Before the fall the correlation was partly above 90.

The correlation BCT/top coins and Top coins/STEEM for 30 days ending 9.9.18 are shown below.

Tacho2 3 - 11-9-18.jpg

I wish you happy trading and prices going up..

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