Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95747036 |
details, prediction |
Ethereum Classic
ETC
|
0.66307354 |
details, prediction |
ChainLink
LINK
|
0.404475 |
details, prediction |
ZCash
ZEC
|
0.40249872 |
details, prediction |
Binance Coin
BNB
|
0.33660218 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.78420126 |
details, prediction |
FTX Token
FTT
|
0.58445185 |
details, prediction |
OriginTrail
TRAC
|
0.54960865 |
details, prediction |
DASH
DASH
|
0.50871927 |
details, prediction |
Cosmos
ATOM
|
0.34567508 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.80643046 |
details, prediction |
FunFair
FUN
|
0.706786 |
details, prediction |
Komodo
KMD
|
0.6883398 |
details, prediction |
Stox
STX
|
0.5849917 |
details, prediction |
Storj
STORJ
|
0.57183075 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.3419833 |
details, prediction |
Ethereum
ETH
|
-0.15651014 |
details, prediction |
KuCoin Shares
KCS
|
-0.13861305 |
details, prediction |
Bitcoin Cash
BCH
|
-0.10065854 |
details, prediction |
Litecoin
LTC
|
0.06709118 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.2769341 |
details, prediction |
Request Network
REQ
|
-0.24045543 |
details, prediction |
iEx.ec
RLC
|
-0.22476357 |
details, prediction |
Bitcoin SV
BSV
|
-0.20698035 |
details, prediction |
Ravencoin
RVN
|
-0.19064626 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.4734632 |
details, prediction |
LAToken
LA
|
-0.32849482 |
details, prediction |
AdEx
ADX
|
-0.29534072 |
details, prediction |
Enjin Coin
ENJ
|
-0.2829903 |
details, prediction |
Ontology
ONT
|
-0.2747961 |
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)