Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.021287354 |
details, prediction |
Stellar
XLM
|
-0.037896972 |
details, prediction |
Ethereum Classic
ETC
|
-0.05233702 |
details, prediction |
Binance Coin
BNB
|
-0.15962204 |
details, prediction |
Dogecoin
DOGE
|
-0.19363305 |
details, prediction |
Second tier
|
DigiByte
DGB
|
0.17429234 |
details, prediction |
Decentraland
MANA
|
0.03797597 |
details, prediction |
Horizen
ZEN
|
-0.03391162 |
details, prediction |
Basic Attention Token
BAT
|
-0.05139231 |
details, prediction |
Dai
DAI
|
-0.12596022 |
details, prediction |
Third tier
|
BelaCoin
BELA
|
0.7670931 |
details, prediction |
ODEM
ODEM
|
0.635762 |
details, prediction |
Metaverse
ETP
|
0.60916877 |
details, prediction |
Zilbercoin
ZBC
|
0.5882121 |
details, prediction |
SafeExchangeCoin
SAFEX
|
0.570083 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Motocoin 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 Motocoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.46134877 |
details, prediction |
Theta
THETA
|
-0.44956785 |
details, prediction |
TRON
TRX
|
-0.4301027 |
details, prediction |
XRP
XRP
|
-0.4107901 |
details, prediction |
Litecoin
LTC
|
-0.40293932 |
details, prediction |
Second tier
|
Tezos
XTZ
|
-0.5374459 |
details, prediction |
Ontology
ONT
|
-0.5329124 |
details, prediction |
Decred
DCR
|
-0.5041894 |
details, prediction |
Telcoin
TEL
|
-0.48139623 |
details, prediction |
iEx.ec
RLC
|
-0.480982 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.57450294 |
details, prediction |
Scry.info
DDD
|
-0.55122846 |
details, prediction |
eosDAC
EOSDAC
|
-0.54953873 |
details, prediction |
TokenClub
TCT
|
-0.54573184 |
details, prediction |
NoahCoin
NOAH
|
-0.54352593 |
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)