Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.8407663 |
details, prediction |
Decentraland
MANA
|
0.7034957 |
details, prediction |
Tezos
XTZ
|
0.61223185 |
details, prediction |
Matic Network
MATIC
|
0.60965604 |
details, prediction |
IOTA
IOT
|
0.5966158 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.92044073 |
details, prediction |
Elastos
ELA
|
0.9024906 |
details, prediction |
Bitcoin Diamond
BCD
|
0.8854825 |
details, prediction |
Electroneum
ETN
|
0.85626066 |
details, prediction |
MonaCoin
MONA
|
0.8338675 |
details, prediction |
Third tier
|
Nucleus Vision
NCASH
|
0.9646962 |
details, prediction |
Particl
PART
|
0.92407954 |
details, prediction |
Cappasity
CAPP
|
0.9204803 |
details, prediction |
Monetha
MTH
|
0.91895217 |
details, prediction |
SmartCash
SMART
|
0.91280866 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cindicator 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 Cindicator
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.6455557 |
details, prediction |
ZCash
ZEC
|
-0.5288244 |
details, prediction |
Waves
WAVES
|
-0.5155371 |
details, prediction |
Ethereum Classic
ETC
|
-0.2603023 |
details, prediction |
Nexo
NEXO
|
-0.23975821 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.67599165 |
details, prediction |
Zilliqa
ZIL
|
-0.48760226 |
details, prediction |
Lisk
LSK
|
-0.42616686 |
details, prediction |
Metal
MTL
|
-0.34517363 |
details, prediction |
GXShares
GXS
|
-0.3223936 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.8716547 |
details, prediction |
Linker Coin
LNC
|
-0.83364576 |
details, prediction |
Time New Bank
TNB
|
-0.7363056 |
details, prediction |
CloakCoin
CLOAK
|
-0.7357946 |
details, prediction |
Haven Protocol
XHV
|
-0.7339065 |
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)