Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.91822475 |
details, prediction |
ChainLink
LINK
|
0.8926528 |
details, prediction |
IOTA
IOT
|
0.87705547 |
details, prediction |
NEO
NEO
|
0.87293017 |
details, prediction |
Bitcoin SV
BSV
|
0.86922216 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.9241499 |
details, prediction |
Synthetix Network Token
SNX
|
0.910063 |
details, prediction |
Dent
DENT
|
0.90998226 |
details, prediction |
Ontology
ONT
|
0.90580845 |
details, prediction |
TomoChain
TOMO
|
0.90515715 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.9667265 |
details, prediction |
Primas
PST
|
0.94729155 |
details, prediction |
Everipedia
IQ
|
0.9466001 |
details, prediction |
Lambda
LAMB
|
0.94543904 |
details, prediction |
Aurora Chain
AOA
|
0.9362454 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bytom 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 Bytom
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.12785879 |
details, prediction |
UNUS SED LEO
LEO
|
0.3349591 |
details, prediction |
Maker
MKR
|
0.4851179 |
details, prediction |
Ethereum Classic
ETC
|
0.48659927 |
details, prediction |
KuCoin Shares
KCS
|
0.5012275 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.44515106 |
details, prediction |
EthLend
LEND
|
-0.41001615 |
details, prediction |
Paxos Standard
PAX
|
-0.32003424 |
details, prediction |
USD//Coin
USDC
|
-0.24551503 |
details, prediction |
Dai
DAI
|
-0.24186583 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
-0.6582537 |
details, prediction |
Time New Bank
TNB
|
-0.62114465 |
details, prediction |
Gemini Dollar
GUSD
|
-0.55891633 |
details, prediction |
DimeCoin
DIME
|
-0.44023958 |
details, prediction |
PetroDollar
XPD
|
-0.4337604 |
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)