Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.35492763 |
details, prediction |
Bitcoin
BTC
|
0.2889999 |
details, prediction |
Huobi Token
HT
|
0.28150073 |
details, prediction |
Bitcoin Cash
BCH
|
0.2807712 |
details, prediction |
KuCoin Shares
KCS
|
0.27970195 |
details, prediction |
Second tier
|
RSK Infrastructure Framework
RIF
|
0.6441794 |
details, prediction |
SwissBorg
CHSB
|
0.37772232 |
details, prediction |
Telcoin
TEL
|
0.36825812 |
details, prediction |
True USD
TUSD
|
0.33999026 |
details, prediction |
ZCash
ZEC
|
0.33203098 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.8560586 |
details, prediction |
Morpheus Labs
MITX
|
0.7127215 |
details, prediction |
SibCoin
SIB
|
0.6552734 |
details, prediction |
Linker Coin
LNC
|
0.611631 |
details, prediction |
Hive
HVN
|
0.59755164 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Emercoin 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 Emercoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.12799786 |
details, prediction |
Bitcoin SV
BSV
|
-0.020871995 |
details, prediction |
Ethereum Classic
ETC
|
0.053132202 |
details, prediction |
Matic Network
MATIC
|
0.09527775 |
details, prediction |
Theta
THETA
|
0.10306126 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.13561164 |
details, prediction |
Quant Network
QNT
|
-0.09625773 |
details, prediction |
EthLend
LEND
|
-0.07649759 |
details, prediction |
Metadium
META
|
-0.044099875 |
details, prediction |
MonaCoin
MONA
|
-0.021575114 |
details, prediction |
Third tier
|
AventCoin
AVT
|
-0.48317617 |
details, prediction |
BitBean
BITB
|
-0.42136902 |
details, prediction |
Curecoin
CURE
|
-0.3534008 |
details, prediction |
Veritaseum
VERI
|
-0.3161488 |
details, prediction |
Seele
SEELE
|
-0.3109858 |
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)