Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.327459 |
details, prediction |
FTX Token
FTT
|
0.14794107 |
details, prediction |
Ethereum
ETH
|
0.058881532 |
details, prediction |
Bitcoin Cash
BCH
|
0.046593465 |
details, prediction |
Dogecoin
DOGE
|
4.5648473E-4 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.40062615 |
details, prediction |
MonaCoin
MONA
|
0.38971502 |
details, prediction |
Propy
PRO
|
0.31662712 |
details, prediction |
Gnosis
GNO
|
0.30604985 |
details, prediction |
FunFair
FUN
|
0.27591282 |
details, prediction |
Third tier
|
Platincoin
PLC
|
0.74003386 |
details, prediction |
Lamden Tau
TAU
|
0.615847 |
details, prediction |
B2B
B2B
|
0.58432335 |
details, prediction |
RubyCoin
RBY
|
0.52712137 |
details, prediction |
Tierion
TNT
|
0.4985029 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FeatherCoin 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 FeatherCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.7164244 |
details, prediction |
Monero
XMR
|
-0.60528034 |
details, prediction |
TRON
TRX
|
-0.32589546 |
details, prediction |
Ethereum Classic
ETC
|
-0.3085139 |
details, prediction |
Binance Coin
BNB
|
-0.2860221 |
details, prediction |
Second tier
|
Augur
REP
|
-0.6028355 |
details, prediction |
Utrust
UTK
|
-0.5199997 |
details, prediction |
Centrality
CENNZ
|
-0.46199632 |
details, prediction |
Bitcoin Diamond
BCD
|
-0.42973015 |
details, prediction |
Bitcoin Gold
BTG
|
-0.41542032 |
details, prediction |
Third tier
|
GXChain
GXC
|
-0.9392189 |
details, prediction |
Populous
PPT
|
-0.78023636 |
details, prediction |
FortKnoxster
FKX
|
-0.71428096 |
details, prediction |
PolySwarm
NCT
|
-0.70769733 |
details, prediction |
Agoras Token
AGRS
|
-0.67351055 |
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)