Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.83833313 |
details, prediction |
UNUS SED LEO
LEO
|
0.8323856 |
details, prediction |
Ethereum Classic
ETC
|
0.77392554 |
details, prediction |
Cardano
ADA
|
0.69302976 |
details, prediction |
Ethereum
ETH
|
0.69224447 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.8862942 |
details, prediction |
Zilliqa
ZIL
|
0.8438964 |
details, prediction |
Waves
WAVES
|
0.8411086 |
details, prediction |
EOS
EOS
|
0.8333641 |
details, prediction |
Basic Attention Token
BAT
|
0.8275124 |
details, prediction |
|
Third tier
|
Energi
NRG
|
0.9846184 |
details, prediction |
Aurora Chain
AOA
|
0.9811056 |
details, prediction |
Tidex Token
TDX
|
0.96903867 |
details, prediction |
GoChain
GO
|
0.942906 |
details, prediction |
Seele
SEELE
|
0.9080437 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NewYorkCoin 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 NewYorkCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.9321451 |
details, prediction |
XRP
XRP
|
-0.83726484 |
details, prediction |
Stellar
XLM
|
-0.6692373 |
details, prediction |
SONM
SNM
|
-0.4948811 |
details, prediction |
Maker
MKR
|
-0.46872747 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
-0.65738964 |
details, prediction |
Algorand
ALGO
|
-0.6503578 |
details, prediction |
Dai
DAI
|
-0.59784174 |
details, prediction |
USD//Coin
USDC
|
-0.5974668 |
details, prediction |
True USD
TUSD
|
-0.5971724 |
details, prediction |
|
Third tier
|
Neblio
NEBL
|
-0.8885935 |
details, prediction |
OAX
OAX
|
-0.8739923 |
details, prediction |
Switcheo Network
SWH
|
-0.8726972 |
details, prediction |
Gemini Dollar
GUSD
|
-0.8408902 |
details, prediction |
Mobius
MOBI
|
-0.82957065 |
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)