Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.9854253 |
details, prediction |
Fantom
FTM
|
0.98288834 |
details, prediction |
Bitcoin
BTC
|
0.9823975 |
details, prediction |
SONM
SNM
|
0.9818789 |
details, prediction |
Vechain
VET
|
0.9807005 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.9905698 |
details, prediction |
OmiseGo
OMG
|
0.98993224 |
details, prediction |
Decred
DCR
|
0.9889014 |
details, prediction |
Ontology
ONT
|
0.9876032 |
details, prediction |
Lisk
LSK
|
0.98731637 |
details, prediction |
Third tier
|
High Performance Blockchain
HPB
|
0.99535143 |
details, prediction |
Seele
SEELE
|
0.99439806 |
details, prediction |
Matrix AI Network
MAN
|
0.9930069 |
details, prediction |
Cardstack
CARD
|
0.9913189 |
details, prediction |
DADI
DADI
|
0.99054253 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Indorse 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 Indorse
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.081683405 |
details, prediction |
TRON
TRX
|
0.1037379 |
details, prediction |
ChainLink
LINK
|
0.5244513 |
details, prediction |
Maker
MKR
|
0.87043095 |
details, prediction |
Ethereum
ETH
|
0.87947816 |
details, prediction |
Second tier
|
Waves
WAVES
|
-0.51110274 |
details, prediction |
Dai
DAI
|
-0.07840654 |
details, prediction |
Paxos Standard
PAX
|
-0.047858857 |
details, prediction |
True USD
TUSD
|
0.058461282 |
details, prediction |
Bitcoin SV
BSV
|
0.44098717 |
details, prediction |
Third tier
|
Envion
EVN
|
-0.6955042 |
details, prediction |
Unobtanium
UNO
|
-0.6832872 |
details, prediction |
Dreamscape
DSC
|
-0.65869766 |
details, prediction |
Chainium
CHX
|
-0.5821393 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.545216 |
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)