Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
0.53764325 |
details, prediction |
IOTA
IOT
|
0.21383731 |
details, prediction |
EOS
EOS
|
0.20154083 |
details, prediction |
Cardano
ADA
|
0.075995766 |
details, prediction |
UNUS SED LEO
LEO
|
0.07533999 |
details, prediction |
Second tier
|
IoTeX
IOTX
|
0.20826408 |
details, prediction |
Polymath Network
POLY
|
0.07480035 |
details, prediction |
Kyber Network
KNC
|
0.063134655 |
details, prediction |
Internet of Services
IOST
|
0.033388294 |
details, prediction |
DigiByte
DGB
|
0.024854913 |
details, prediction |
Third tier
|
Achain
ACT
|
0.5016548 |
details, prediction |
Time New Bank
TNB
|
0.29209796 |
details, prediction |
Bluzelle
BLZ
|
0.22896323 |
details, prediction |
Seele
SEELE
|
0.19626139 |
details, prediction |
CargoX
CXO
|
0.16988641 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MaxCoin 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 MaxCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
-0.37159166 |
details, prediction |
Matic Network
MATIC
|
-0.35638747 |
details, prediction |
USD//Coin
USDC
|
-0.29431978 |
details, prediction |
TRON
TRX
|
-0.2868245 |
details, prediction |
Bitcoin Cash
BCH
|
-0.25854877 |
details, prediction |
Second tier
|
Request Network
REQ
|
-0.39597276 |
details, prediction |
SwissBorg
CHSB
|
-0.37550503 |
details, prediction |
ARK
ARK
|
-0.3259288 |
details, prediction |
Gas
GAS
|
-0.32420766 |
details, prediction |
Aragon
ANT
|
-0.3239752 |
details, prediction |
Third tier
|
Lambda
LAMB
|
-0.48641405 |
details, prediction |
VIN chain
VIN
|
-0.4202695 |
details, prediction |
FedoraCoin
TIPS
|
-0.4036006 |
details, prediction |
Utrust
UTK
|
-0.3905396 |
details, prediction |
Game
GTC
|
-0.378039 |
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)