Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.9551681 |
details, prediction |
Bitcoin Cash
BCH
|
0.9467651 |
details, prediction |
Litecoin
LTC
|
0.94318366 |
details, prediction |
XRP
XRP
|
0.9322554 |
details, prediction |
Crypto.com Chain
CRO
|
0.9313087 |
details, prediction |
Second tier
|
ARK
ARK
|
0.96767837 |
details, prediction |
Telcoin
TEL
|
0.9661603 |
details, prediction |
Verge
XVG
|
0.9596719 |
details, prediction |
Decred
DCR
|
0.9579055 |
details, prediction |
Status
SNT
|
0.9570259 |
details, prediction |
Third tier
|
Quantstamp
QSP
|
0.98102564 |
details, prediction |
QuarkChain
QKC
|
0.9635845 |
details, prediction |
Callisto Network
CLO
|
0.9624297 |
details, prediction |
Synereo
AMP
|
0.9615481 |
details, prediction |
BABB
BAX
|
0.96113056 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that GoChain 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 GoChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.03748278 |
details, prediction |
Ethereum Classic
ETC
|
0.47230768 |
details, prediction |
TRON
TRX
|
0.47892797 |
details, prediction |
Bitcoin SV
BSV
|
0.5934575 |
details, prediction |
Matic Network
MATIC
|
0.6518702 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.13310061 |
details, prediction |
Paxos Standard
PAX
|
-0.04497995 |
details, prediction |
True USD
TUSD
|
0.22878157 |
details, prediction |
MaidSafe Coin
MAID
|
0.24082679 |
details, prediction |
Storj
STORJ
|
0.41254568 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.8388346 |
details, prediction |
Seele
SEELE
|
-0.74526167 |
details, prediction |
Time New Bank
TNB
|
-0.6808844 |
details, prediction |
B2B
B2B
|
-0.50735986 |
details, prediction |
DigiCube
CUBE
|
-0.45224184 |
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)