Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.94751877 |
details, prediction |
Bitcoin Cash
BCH
|
0.94587594 |
details, prediction |
Binance Coin
BNB
|
0.9423641 |
details, prediction |
Litecoin
LTC
|
0.93659586 |
details, prediction |
FTX Token
FTT
|
0.9302949 |
details, prediction |
Second tier
|
Bancor
BNT
|
0.95133024 |
details, prediction |
Loom Network
LOOM
|
0.94663 |
details, prediction |
Verge
XVG
|
0.944708 |
details, prediction |
Status
SNT
|
0.937874 |
details, prediction |
Nexo
NEXO
|
0.93119097 |
details, prediction |
Third tier
|
Ambrosus
AMB
|
0.9710757 |
details, prediction |
Nexus
NXS
|
0.96892685 |
details, prediction |
GoChain
GO
|
0.9627167 |
details, prediction |
Callisto Network
CLO
|
0.95749253 |
details, prediction |
PIVX
PIVX
|
0.95153147 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AirSwap 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 AirSwap
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.34719348 |
details, prediction |
Monero
XMR
|
0.72627395 |
details, prediction |
UNUS SED LEO
LEO
|
0.7457615 |
details, prediction |
KuCoin Shares
KCS
|
0.7843956 |
details, prediction |
Cardano
ADA
|
0.85825336 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.36147696 |
details, prediction |
USD//Coin
USDC
|
-0.33577612 |
details, prediction |
Paxos Standard
PAX
|
-0.31322345 |
details, prediction |
Dai
DAI
|
-0.26907125 |
details, prediction |
EthLend
LEND
|
-0.2093066 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.8122481 |
details, prediction |
Time New Bank
TNB
|
-0.7342674 |
details, prediction |
Seele
SEELE
|
-0.6326989 |
details, prediction |
ILCoin
ILC
|
-0.613405 |
details, prediction |
Envion
EVN
|
-0.60210574 |
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)