Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.4322011 |
details, prediction |
Monero
XMR
|
0.24247445 |
details, prediction |
Bitcoin
BTC
|
0.10703589 |
details, prediction |
Ethereum Classic
ETC
|
0.038796164 |
details, prediction |
ChainLink
LINK
|
0.021356203 |
details, prediction |
|
Second tier
|
Digix DAO
DGD
|
0.8040192 |
details, prediction |
Nexo
NEXO
|
0.7886047 |
details, prediction |
SwissBorg
CHSB
|
0.7162451 |
details, prediction |
Nano
NANO
|
0.517582 |
details, prediction |
HoloToken
HOT
|
0.3895462 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
0.95470893 |
details, prediction |
Xaurum
XAUR
|
0.9106684 |
details, prediction |
DAOstack
GEN
|
0.8764863 |
details, prediction |
Litecoin Cash
LCC
|
0.84633577 |
details, prediction |
SyncFab
MFG
|
0.8381774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Regalcoin 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 Regalcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.708469 |
details, prediction |
TRON
TRX
|
-0.60757846 |
details, prediction |
SONM
SNM
|
-0.5714837 |
details, prediction |
Stellar
XLM
|
-0.43509224 |
details, prediction |
Ethereum
ETH
|
-0.39969614 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.8402227 |
details, prediction |
Huobi Token
HT
|
-0.7907501 |
details, prediction |
Zilliqa
ZIL
|
-0.75049734 |
details, prediction |
0x
ZRX
|
-0.7411873 |
details, prediction |
EOS
EOS
|
-0.71396595 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.8482984 |
details, prediction |
CyberMiles
CMT
|
-0.8004549 |
details, prediction |
BABB
BAX
|
-0.777489 |
details, prediction |
Polybius
PLBT
|
-0.7761865 |
details, prediction |
Republic protocol
REN
|
-0.7752878 |
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)