At least the bigger alts do seem to be pretty correlated on the downswings though:https://medium.com/@m.monstvilaite/statistical-analysis-of-cryptocurrencies-using-actual-math-9f24509724ba …
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Correlation seems to come and go for certain coin groups over certain time frames. One day,
@jimtalksdata will discover the exact pattern. https://www.sifrdata.com/cryptocurrency-correlation-matrix/ … -
Cool analysis, although I do agree with @MonikaMonstvil1 that Tau is better correlation measure. Would also be interesting to see volume correlation.
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This is aka rank correlation yes? I understand the advantages that nonparametric analysis brings but, as with stock markets, wonder if the end results will be any different. Will experiment?
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Yes. the main advantages (at least in theory) should be that it's more robust wrt outliers and that it works better with very noisy data, especially on smaller sample sizes. It's on my todo list to play with.
End of conversation
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