Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.9518151 |
details, prediction |
Matic Network
MATIC
|
0.9465231 |
details, prediction |
Tezos
XTZ
|
0.938306 |
details, prediction |
ChainLink
LINK
|
0.9303397 |
details, prediction |
Decentraland
MANA
|
0.9270516 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.94413584 |
details, prediction |
Enjin Coin
ENJ
|
0.9419321 |
details, prediction |
Ravencoin
RVN
|
0.9370803 |
details, prediction |
SysCoin
SYS
|
0.93537766 |
details, prediction |
Stox
STX
|
0.9292798 |
details, prediction |
Third tier
|
Lambda
LAMB
|
0.967099 |
details, prediction |
WAX
WAX
|
0.9648559 |
details, prediction |
ReddCoin
RDD
|
0.941093 |
details, prediction |
QLINK
QLC
|
0.93716455 |
details, prediction |
Walton
WTC
|
0.9359668 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Egretia 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 Egretia
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.3418813 |
details, prediction |
Monero
XMR
|
-0.14675863 |
details, prediction |
Waves
WAVES
|
0.12221059 |
details, prediction |
ZCash
ZEC
|
0.19794726 |
details, prediction |
UNUS SED LEO
LEO
|
0.30436838 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.6868307 |
details, prediction |
Paxos Standard
PAX
|
-0.6542506 |
details, prediction |
USD//Coin
USDC
|
-0.6198681 |
details, prediction |
True USD
TUSD
|
-0.33553723 |
details, prediction |
EthLend
LEND
|
-0.27502644 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.81168216 |
details, prediction |
Crypviser
CVCOIN
|
-0.76933235 |
details, prediction |
B2B
B2B
|
-0.6681444 |
details, prediction |
FeatherCoin
FTC
|
-0.6606406 |
details, prediction |
Envion
EVN
|
-0.64707166 |
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)