Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.96643776 |
details, prediction |
XRP
XRP
|
0.95957124 |
details, prediction |
Bitcoin Cash
BCH
|
0.9451083 |
details, prediction |
Dogecoin
DOGE
|
0.94412816 |
details, prediction |
Bitcoin
BTC
|
0.9224092 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.98393834 |
details, prediction |
Theta Fuel
TFUEL
|
0.9797363 |
details, prediction |
Tezos
XTZ
|
0.977055 |
details, prediction |
Ravencoin
RVN
|
0.9704875 |
details, prediction |
aelf
ELF
|
0.96906877 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9829969 |
details, prediction |
Civic
CVC
|
0.9798606 |
details, prediction |
Lisk
LSK
|
0.97944695 |
details, prediction |
ARK
ARK
|
0.97374845 |
details, prediction |
Steem
STEEM
|
0.97104603 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.40881604 |
details, prediction |
TRON
TRX
|
0.28555408 |
details, prediction |
ZCash
ZEC
|
0.34506306 |
details, prediction |
Monero
XMR
|
0.7056468 |
details, prediction |
Binance Coin
BNB
|
0.7318681 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8585341 |
details, prediction |
USD//Coin
USDC
|
-0.76469177 |
details, prediction |
True USD
TUSD
|
-0.21347213 |
details, prediction |
DigiByte
DGB
|
0.20673837 |
details, prediction |
OriginTrail
TRAC
|
0.54933757 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.17710076 |
details, prediction |
V Systems
VSYS
|
0.02083167 |
details, prediction |
Phantasma
SOUL
|
0.08807215 |
details, prediction |
Matrix AI Network
MAN
|
0.17568356 |
details, prediction |
NKN
NKN
|
0.2308307 |
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)