Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.79711497 |
details, prediction |
Cardano
ADA
|
0.76326543 |
details, prediction |
Stellar
XLM
|
0.7588299 |
details, prediction |
ZCash
ZEC
|
0.73832756 |
details, prediction |
Ethereum Classic
ETC
|
0.73398995 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9347757 |
details, prediction |
Request Network
REQ
|
0.89691824 |
details, prediction |
QTUM
QTUM
|
0.8935991 |
details, prediction |
Synthetix Network Token
SNX
|
0.89313924 |
details, prediction |
OriginTrail
TRAC
|
0.8928328 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.95408607 |
details, prediction |
Metal
MTL
|
0.9268481 |
details, prediction |
Chronobank
TIME
|
0.9250411 |
details, prediction |
Enjin Coin
ENJ
|
0.91285145 |
details, prediction |
Internet of Services
IOST
|
0.90341526 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SysCoin 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 SysCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.20524296 |
details, prediction |
Binance Coin
BNB
|
-0.049505696 |
details, prediction |
XRP
XRP
|
0.43111092 |
details, prediction |
Dogecoin
DOGE
|
0.47428036 |
details, prediction |
KuCoin Shares
KCS
|
0.54962975 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.24958447 |
details, prediction |
Dai
DAI
|
-0.14890505 |
details, prediction |
Zilliqa
ZIL
|
0.06544699 |
details, prediction |
Ardor
ARDR
|
0.47840297 |
details, prediction |
Theta
THETA
|
0.5311327 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.43771553 |
details, prediction |
HEROcoin
PLAY
|
-0.30017024 |
details, prediction |
Dero
DERO
|
0.21837738 |
details, prediction |
BOScoin
BOS
|
0.30531773 |
details, prediction |
NEM
XEM
|
0.48378918 |
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)