Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.8975653 |
details, prediction |
Cosmos
ATOM
|
0.8421066 |
details, prediction |
ChainLink
LINK
|
0.8149434 |
details, prediction |
Theta
THETA
|
0.8139308 |
details, prediction |
NEO
NEO
|
0.8105908 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
0.87596905 |
details, prediction |
Chiliz
CHZ
|
0.86227566 |
details, prediction |
Republic protocol
REN
|
0.8554269 |
details, prediction |
TomoChain
TOMO
|
0.8481669 |
details, prediction |
IoTeX
IOTX
|
0.83594537 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.9766978 |
details, prediction |
Everipedia
IQ
|
0.9724476 |
details, prediction |
Komodo
KMD
|
0.94061595 |
details, prediction |
0chain
ZCN
|
0.9279762 |
details, prediction |
Gifto
GTO
|
0.9269822 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Beam 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 Beam
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.04881889 |
details, prediction |
TRON
TRX
|
0.14177018 |
details, prediction |
KuCoin Shares
KCS
|
0.45024768 |
details, prediction |
Maker
MKR
|
0.50458854 |
details, prediction |
Huobi Token
HT
|
0.5135503 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.35648298 |
details, prediction |
True USD
TUSD
|
-0.3410199 |
details, prediction |
Paxos Standard
PAX
|
-0.27298433 |
details, prediction |
USD//Coin
USDC
|
-0.16683649 |
details, prediction |
Dai
DAI
|
-0.14913428 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.57469314 |
details, prediction |
Seele
SEELE
|
-0.4753785 |
details, prediction |
Time New Bank
TNB
|
-0.45269814 |
details, prediction |
DigiCube
CUBE
|
-0.42900762 |
details, prediction |
PetroDollar
XPD
|
-0.4139655 |
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)