Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.92144793 |
details, prediction |
Bitcoin
BTC
|
0.9139239 |
details, prediction |
Huobi Token
HT
|
0.91115904 |
details, prediction |
KuCoin Shares
KCS
|
0.89157623 |
details, prediction |
Ethereum
ETH
|
0.8877297 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.95389134 |
details, prediction |
Bancor
BNT
|
0.94538534 |
details, prediction |
Gnosis
GNO
|
0.93844604 |
details, prediction |
Status
SNT
|
0.9383903 |
details, prediction |
OriginTrail
TRAC
|
0.93347776 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.9697808 |
details, prediction |
Abyss
ABYSS
|
0.95507544 |
details, prediction |
Dentacoin
DCN
|
0.9546588 |
details, prediction |
Groestlcoin
GRS
|
0.95288485 |
details, prediction |
QuarkChain
QKC
|
0.9476592 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cappasity 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 Cappasity
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.028106846 |
details, prediction |
Ethereum Classic
ETC
|
0.45234624 |
details, prediction |
Bitcoin SV
BSV
|
0.4731282 |
details, prediction |
TRON
TRX
|
0.51310015 |
details, prediction |
Matic Network
MATIC
|
0.5230226 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
0.041082893 |
details, prediction |
MonaCoin
MONA
|
0.12777503 |
details, prediction |
Paxos Standard
PAX
|
0.2838727 |
details, prediction |
Storj
STORJ
|
0.29770368 |
details, prediction |
EthLend
LEND
|
0.34325078 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.8372542 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7793465 |
details, prediction |
Time New Bank
TNB
|
-0.69924587 |
details, prediction |
FeatherCoin
FTC
|
-0.6041148 |
details, prediction |
Crown Coin
CRW
|
-0.5567315 |
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)