Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.8808138 |
details, prediction |
Litecoin
LTC
|
0.8672429 |
details, prediction |
TRON
TRX
|
0.86199754 |
details, prediction |
Bitcoin Cash
BCH
|
0.86046726 |
details, prediction |
NEO
NEO
|
0.8592302 |
details, prediction |
Second tier
|
HoloToken
HOT
|
0.88485414 |
details, prediction |
QTUM
QTUM
|
0.87523544 |
details, prediction |
Nano
NANO
|
0.8686299 |
details, prediction |
Bitcoin Gold
BTG
|
0.8661033 |
details, prediction |
Ontology
ONT
|
0.8644085 |
details, prediction |
Third tier
|
Loopring [Neo]
LRN
|
0.913509 |
details, prediction |
Lamden Tau
TAU
|
0.90955037 |
details, prediction |
Haven Protocol
XHV
|
0.90917635 |
details, prediction |
Lambda
LAMB
|
0.9063705 |
details, prediction |
Kcash
KCASH
|
0.90416026 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Exclusive Coin 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 Exclusive Coin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.58430016 |
details, prediction |
USD//Coin
USDC
|
-0.40158436 |
details, prediction |
Cosmos
ATOM
|
-0.25264847 |
details, prediction |
Matic Network
MATIC
|
-0.24315959 |
details, prediction |
Fantom
FTM
|
-0.12138578 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.5908667 |
details, prediction |
Aragon
ANT
|
-0.5241967 |
details, prediction |
GXShares
GXS
|
-0.47993073 |
details, prediction |
Cortex
CTXC
|
-0.44631603 |
details, prediction |
True USD
TUSD
|
-0.41967934 |
details, prediction |
Third tier
|
Veritaseum
VERI
|
-0.6199263 |
details, prediction |
Abyss
ABYSS
|
-0.6166624 |
details, prediction |
Chronobank
TIME
|
-0.612107 |
details, prediction |
Tycoon Global
TCT
|
-0.5728864 |
details, prediction |
PolySwarm
NCT
|
-0.5365524 |
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)