Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.8697504 |
details, prediction |
NEO
NEO
|
0.81013525 |
details, prediction |
Ethereum Classic
ETC
|
0.8020728 |
details, prediction |
EOS
EOS
|
0.71124214 |
details, prediction |
Maker
MKR
|
0.6787034 |
details, prediction |
Second tier
|
Decred
DCR
|
0.91976625 |
details, prediction |
Huobi Token
HT
|
0.8685186 |
details, prediction |
DigiByte
DGB
|
0.8559987 |
details, prediction |
Synthetix Network Token
SNX
|
0.8442721 |
details, prediction |
Gas
GAS
|
0.8381939 |
details, prediction |
Third tier
|
Medicalchain
MTN
|
0.97926295 |
details, prediction |
Kcash
KCASH
|
0.97339165 |
details, prediction |
Achain
ACT
|
0.9586776 |
details, prediction |
Bytom
BTM
|
0.9559607 |
details, prediction |
Global Social Chain
GSC
|
0.95547956 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Datum 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 Datum
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.77864575 |
details, prediction |
Cosmos
ATOM
|
-0.6112079 |
details, prediction |
Bitcoin
BTC
|
-0.53082466 |
details, prediction |
Crypto.com Chain
CRO
|
-0.52765507 |
details, prediction |
Ethereum
ETH
|
-0.4786507 |
details, prediction |
Second tier
|
ICON
ICX
|
-0.69557554 |
details, prediction |
Propy
PRO
|
-0.6891879 |
details, prediction |
OmiseGo
OMG
|
-0.67225623 |
details, prediction |
Republic protocol
REN
|
-0.6488028 |
details, prediction |
Algorand
ALGO
|
-0.64407533 |
details, prediction |
Third tier
|
Dero
DERO
|
-0.75839853 |
details, prediction |
Xriba
XRA
|
-0.75297433 |
details, prediction |
NAGA
NGC
|
-0.7395025 |
details, prediction |
HEROcoin
PLAY
|
-0.73611987 |
details, prediction |
Humaniq
HMQ
|
-0.7042572 |
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)