Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.96461004 |
details, prediction |
Bitcoin Cash
BCH
|
0.95697844 |
details, prediction |
Stellar
XLM
|
0.943208 |
details, prediction |
KuCoin Shares
KCS
|
0.9300693 |
details, prediction |
Dogecoin
DOGE
|
0.9103864 |
details, prediction |
Second tier
|
Bancor
BNT
|
0.9795751 |
details, prediction |
Nexo
NEXO
|
0.9637896 |
details, prediction |
ZCash
ZEC
|
0.95389646 |
details, prediction |
Decred
DCR
|
0.9480108 |
details, prediction |
Internet of Services
IOST
|
0.9322998 |
details, prediction |
Third tier
|
V Systems
VSYS
|
0.96612716 |
details, prediction |
GXChain
GXC
|
0.96602607 |
details, prediction |
HEROcoin
PLAY
|
0.96059096 |
details, prediction |
Nebulas
NAS
|
0.95864546 |
details, prediction |
VIN chain
VIN
|
0.9560633 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Huobi 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 Huobi Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.08752622 |
details, prediction |
Ethereum Classic
ETC
|
0.2821726 |
details, prediction |
Matic Network
MATIC
|
0.48841196 |
details, prediction |
Bitcoin SV
BSV
|
0.5066146 |
details, prediction |
TRON
TRX
|
0.5662452 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.32014564 |
details, prediction |
Paxos Standard
PAX
|
-0.26158786 |
details, prediction |
MaidSafe Coin
MAID
|
0.041908517 |
details, prediction |
True USD
TUSD
|
0.16361833 |
details, prediction |
Storj
STORJ
|
0.23119514 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.826582 |
details, prediction |
Seele
SEELE
|
-0.7709855 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7574768 |
details, prediction |
AeonCoin
AEON
|
-0.4243751 |
details, prediction |
SirinLabs
SRN
|
-0.4224145 |
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)