Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.8390253 |
details, prediction |
Theta
THETA
|
0.8195448 |
details, prediction |
NEO
NEO
|
0.79361534 |
details, prediction |
SONM
SNM
|
0.76527333 |
details, prediction |
Vechain
VET
|
0.75570256 |
details, prediction |
Second tier
|
Request Network
REQ
|
0.8222914 |
details, prediction |
Horizen
ZEN
|
0.8132762 |
details, prediction |
QTUM
QTUM
|
0.80262953 |
details, prediction |
Basic Attention Token
BAT
|
0.7901062 |
details, prediction |
Algorand
ALGO
|
0.7860327 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.8601134 |
details, prediction |
Ecoreal Estate
ECOREAL
|
0.84698915 |
details, prediction |
QASH
QASH
|
0.8468924 |
details, prediction |
Infinite Coin
IFC
|
0.83125997 |
details, prediction |
Kambria
KAT
|
0.8272185 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Datawallet 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 Datawallet
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.12510502 |
details, prediction |
UNUS SED LEO
LEO
|
0.042521637 |
details, prediction |
KuCoin Shares
KCS
|
0.40231046 |
details, prediction |
Fantom
FTM
|
0.43517804 |
details, prediction |
Bitcoin SV
BSV
|
0.5394547 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.19632244 |
details, prediction |
Dai
DAI
|
-0.17022833 |
details, prediction |
Paxos Standard
PAX
|
-0.15209836 |
details, prediction |
Telcoin
TEL
|
0.08416659 |
details, prediction |
BORA
BORA
|
0.0911345 |
details, prediction |
Third tier
|
Tycoon Global
TCT
|
-0.35430464 |
details, prediction |
Airbloc
ABL
|
-0.29361627 |
details, prediction |
HalalChain
HLC
|
-0.29015744 |
details, prediction |
SpaceChain
SPC
|
-0.2842067 |
details, prediction |
NoahCoin
NOAH
|
-0.24308273 |
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)