Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.88387424 |
details, prediction |
Ethereum
ETH
|
0.8782677 |
details, prediction |
Litecoin
LTC
|
0.8381793 |
details, prediction |
XRP
XRP
|
0.8256346 |
details, prediction |
ZCash
ZEC
|
0.8086889 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.8426994 |
details, prediction |
NEO
NEO
|
0.7110912 |
details, prediction |
DASH
DASH
|
0.6925824 |
details, prediction |
IOTA
IOT
|
0.6738803 |
details, prediction |
Tezos
XTZ
|
0.6420589 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.89621025 |
details, prediction |
ARK
ARK
|
0.6516615 |
details, prediction |
Bancor
BNT
|
0.64015454 |
details, prediction |
Internet of Services
IOST
|
0.6319872 |
details, prediction |
Kyber Network
KNC
|
0.62260973 |
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
|
TRON
TRX
|
-0.17889096 |
details, prediction |
ChainLink
LINK
|
0.4037587 |
details, prediction |
Dogecoin
DOGE
|
0.5456335 |
details, prediction |
Bitcoin Cash
BCH
|
0.5703143 |
details, prediction |
Monero
XMR
|
0.720199 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3555651 |
details, prediction |
Zilliqa
ZIL
|
-0.29510808 |
details, prediction |
Decred
DCR
|
-0.17654936 |
details, prediction |
Verge
XVG
|
-0.08777509 |
details, prediction |
True USD
TUSD
|
0.025733188 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.17907515 |
details, prediction |
Dero
DERO
|
-0.032684572 |
details, prediction |
Gas
GAS
|
0.18187389 |
details, prediction |
SwftCoin
SWFTC
|
0.29075673 |
details, prediction |
Elastos
ELA
|
0.35017297 |
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)