Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.67273957 |
details, prediction |
Crypto.com Chain
CRO
|
0.6156616 |
details, prediction |
Bitcoin
BTC
|
0.61019707 |
details, prediction |
Chiliz
CHZ
|
0.59145 |
details, prediction |
Cosmos
ATOM
|
0.58664584 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.6749125 |
details, prediction |
Aragon
ANT
|
0.6664813 |
details, prediction |
Request Network
REQ
|
0.66467905 |
details, prediction |
Storj
STORJ
|
0.6623026 |
details, prediction |
Power Ledger
POWR
|
0.6567146 |
details, prediction |
Third tier
|
GoChain
GO
|
0.68252534 |
details, prediction |
Ripio
RCN
|
0.67530507 |
details, prediction |
Agoras Token
AGRS
|
0.67424566 |
details, prediction |
Bluzelle
BLZ
|
0.6689111 |
details, prediction |
Yoyow
YOYOW
|
0.6687092 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hedge Token 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 Hedge Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
-0.41286317 |
details, prediction |
Ethereum Classic
ETC
|
-0.15654331 |
details, prediction |
Dogecoin
DOGE
|
-0.1392752 |
details, prediction |
SONM
SNM
|
0.0071204402 |
details, prediction |
Cardano
ADA
|
0.014534397 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.31954414 |
details, prediction |
Telcoin
TEL
|
-0.23912866 |
details, prediction |
XYO Network
XYO
|
-0.11141449 |
details, prediction |
FirstBlood
1ST
|
-0.09275348 |
details, prediction |
Theta Fuel
TFUEL
|
-0.009786596 |
details, prediction |
Third tier
|
BitcoinZ
BTCZ
|
-0.76722103 |
details, prediction |
Universa
UTNP
|
-0.41282168 |
details, prediction |
Gulden
NLG
|
-0.3988473 |
details, prediction |
BURST
BURST
|
-0.39697883 |
details, prediction |
Insureum
ISR
|
-0.34043822 |
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)