Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.78554493 |
details, prediction |
Ethereum Classic
ETC
|
0.6766714 |
details, prediction |
Bitcoin Cash
BCH
|
0.52751076 |
details, prediction |
Litecoin
LTC
|
0.15640737 |
details, prediction |
Dogecoin
DOGE
|
0.10006827 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.7509161 |
details, prediction |
Algorand
ALGO
|
0.5986257 |
details, prediction |
Vechain
VET
|
0.5538707 |
details, prediction |
Bitcoin SV
BSV
|
0.54711777 |
details, prediction |
Bitcoin Gold
BTG
|
0.4880511 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.5278129 |
details, prediction |
Gas
GAS
|
0.4655583 |
details, prediction |
Dero
DERO
|
0.45972708 |
details, prediction |
ARK
ARK
|
0.4298983 |
details, prediction |
Steem
STEEM
|
0.42406622 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LAToken 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 LAToken
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
-0.11627852 |
details, prediction |
XRP
XRP
|
-0.01127746 |
details, prediction |
Stellar
XLM
|
0.01113467 |
details, prediction |
Bitcoin
BTC
|
0.019926079 |
details, prediction |
Monero
XMR
|
0.03643863 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.39002612 |
details, prediction |
True USD
TUSD
|
-0.30488008 |
details, prediction |
Ardor
ARDR
|
-0.2939078 |
details, prediction |
DASH
DASH
|
-0.259864 |
details, prediction |
Request Network
REQ
|
-0.15392573 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.783189 |
details, prediction |
NEM
XEM
|
-0.39023125 |
details, prediction |
SwftCoin
SWFTC
|
-0.27798477 |
details, prediction |
Storj
STORJ
|
-0.2734578 |
details, prediction |
Ontology
ONT
|
-0.26230118 |
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)