Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.7317672 |
details, prediction |
Ethereum
ETH
|
0.71622044 |
details, prediction |
Monero
XMR
|
0.6521574 |
details, prediction |
Stellar
XLM
|
0.5768977 |
details, prediction |
Litecoin
LTC
|
0.57019293 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.8488802 |
details, prediction |
DigiByte
DGB
|
0.6636151 |
details, prediction |
HoloToken
HOT
|
0.63962847 |
details, prediction |
Decred
DCR
|
0.6022548 |
details, prediction |
Algorand
ALGO
|
0.27924618 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.8949222 |
details, prediction |
Steem
STEEM
|
0.8702671 |
details, prediction |
Wanchain
WAN
|
0.8626823 |
details, prediction |
FunFair
FUN
|
0.8609661 |
details, prediction |
NEM
XEM
|
0.7306309 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UNUS SED LEO 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 UNUS SED LEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.55548567 |
details, prediction |
ZCash
ZEC
|
-0.033548385 |
details, prediction |
Dogecoin
DOGE
|
0.14114171 |
details, prediction |
TRON
TRX
|
0.22177044 |
details, prediction |
Cardano
ADA
|
0.2315835 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5581513 |
details, prediction |
USD//Coin
USDC
|
-0.54175764 |
details, prediction |
Zilliqa
ZIL
|
-0.50096107 |
details, prediction |
True USD
TUSD
|
-0.4739422 |
details, prediction |
Siacoin
SC
|
-0.4567 |
details, prediction |
|
Third tier
|
Gas
GAS
|
-0.5188937 |
details, prediction |
AdEx
ADX
|
-0.4760718 |
details, prediction |
Elastos
ELA
|
-0.44662023 |
details, prediction |
Loopring
LRC
|
-0.36640885 |
details, prediction |
Kyber Network
KNC
|
-0.3520997 |
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)