Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.92153037 |
details, prediction |
Tezos
XTZ
|
0.9156761 |
details, prediction |
Stellar
XLM
|
0.8958113 |
details, prediction |
NEO
NEO
|
0.87987334 |
details, prediction |
EOS
EOS
|
0.87553316 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.9332754 |
details, prediction |
Internet of Services
IOST
|
0.92569196 |
details, prediction |
Bitcoin Gold
BTG
|
0.92067057 |
details, prediction |
Synthetix Network Token
SNX
|
0.91639405 |
details, prediction |
OmiseGo
OMG
|
0.9055495 |
details, prediction |
Third tier
|
Ripio
RCN
|
0.93231034 |
details, prediction |
Melon
MLN
|
0.93170756 |
details, prediction |
Kcash
KCASH
|
0.9306296 |
details, prediction |
Blue Whale
BWX
|
0.9223955 |
details, prediction |
Bitcoin Diamond
BCD
|
0.9109461 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DATx 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 DATx
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.8297226 |
details, prediction |
USD//Coin
USDC
|
-0.7843431 |
details, prediction |
Crypto.com Chain
CRO
|
-0.66963786 |
details, prediction |
Matic Network
MATIC
|
-0.62141514 |
details, prediction |
KuCoin Shares
KCS
|
-0.5275231 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.8241389 |
details, prediction |
SysCoin
SYS
|
-0.8022407 |
details, prediction |
GXShares
GXS
|
-0.7481644 |
details, prediction |
Cortex
CTXC
|
-0.7303572 |
details, prediction |
Dai
DAI
|
-0.72695005 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.8468155 |
details, prediction |
Phantasma
SOUL
|
-0.7981168 |
details, prediction |
Measurable Data Token
MDT
|
-0.76033825 |
details, prediction |
GXChain
GXC
|
-0.7476734 |
details, prediction |
Agoras Token
AGRS
|
-0.7028313 |
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)