Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.9822629 |
details, prediction |
XRP
XRP
|
0.9807717 |
details, prediction |
Litecoin
LTC
|
0.98010415 |
details, prediction |
Cosmos
ATOM
|
0.97979504 |
details, prediction |
Crypto.com Chain
CRO
|
0.97600263 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.97645056 |
details, prediction |
Fantom
FTM
|
0.9764265 |
details, prediction |
Basic Attention Token
BAT
|
0.97467595 |
details, prediction |
NEM
XEM
|
0.97326833 |
details, prediction |
Request Network
REQ
|
0.97278017 |
details, prediction |
Third tier
|
Skrumble Network
SKM
|
0.9872511 |
details, prediction |
Wanchain
WAN
|
0.9869115 |
details, prediction |
QLINK
QLC
|
0.98303 |
details, prediction |
V Systems
VSYS
|
0.98091304 |
details, prediction |
TenX
PAY
|
0.97668266 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Aragon 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 Aragon
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.48370546 |
details, prediction |
Monero
XMR
|
0.69252783 |
details, prediction |
KuCoin Shares
KCS
|
0.7982576 |
details, prediction |
UNUS SED LEO
LEO
|
0.8888811 |
details, prediction |
Ethereum Classic
ETC
|
0.8896828 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.5988263 |
details, prediction |
USD//Coin
USDC
|
-0.5839299 |
details, prediction |
Dai
DAI
|
-0.5381367 |
details, prediction |
Paxos Standard
PAX
|
-0.44452778 |
details, prediction |
EthLend
LEND
|
-0.31805652 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.89275014 |
details, prediction |
ILCoin
ILC
|
-0.71342236 |
details, prediction |
Gemini Dollar
GUSD
|
-0.68723536 |
details, prediction |
FeatherCoin
FTC
|
-0.65323114 |
details, prediction |
Seele
SEELE
|
-0.55127 |
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)