Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Huobi Token
HT
|
0.80464566 |
details, prediction |
Stellar
XLM
|
0.7461053 |
details, prediction |
Bitcoin Cash
BCH
|
0.74080914 |
details, prediction |
KuCoin Shares
KCS
|
0.734742 |
details, prediction |
Vechain
VET
|
0.7233625 |
details, prediction |
Second tier
|
Bancor
BNT
|
0.7540343 |
details, prediction |
XYO Network
XYO
|
0.7479201 |
details, prediction |
Nexo
NEXO
|
0.74357724 |
details, prediction |
Waves
WAVES
|
0.7423201 |
details, prediction |
HoloToken
HOT
|
0.7409595 |
details, prediction |
Third tier
|
Steem Backed Dollars
SBD
|
0.91784465 |
details, prediction |
PotCoin
POT
|
0.89516526 |
details, prediction |
Nebulas
NAS
|
0.8113001 |
details, prediction |
V Systems
VSYS
|
0.8085595 |
details, prediction |
eosDAC
EOSDAC
|
0.8060599 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tycoon Global 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 Tycoon Global
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.02353574 |
details, prediction |
TRON
TRX
|
0.313575 |
details, prediction |
Matic Network
MATIC
|
0.3203228 |
details, prediction |
Ethereum Classic
ETC
|
0.41582942 |
details, prediction |
Maker
MKR
|
0.49961013 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
-0.19609821 |
details, prediction |
True USD
TUSD
|
-0.10725938 |
details, prediction |
Paxos Standard
PAX
|
0.024271714 |
details, prediction |
USD//Coin
USDC
|
0.18855941 |
details, prediction |
Storj
STORJ
|
0.1908663 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.89223456 |
details, prediction |
IOCoin
IOC
|
-0.66398335 |
details, prediction |
AeonCoin
AEON
|
-0.6093132 |
details, prediction |
NameCoin
NMC
|
-0.5598106 |
details, prediction |
DimeCoin
DIME
|
-0.5515155 |
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)