Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.97792655 |
details, prediction |
IOTA
IOT
|
0.9747164 |
details, prediction |
XRP
XRP
|
0.9741194 |
details, prediction |
EOS
EOS
|
0.96801716 |
details, prediction |
Cosmos
ATOM
|
0.9666128 |
details, prediction |
Second tier
|
Republic protocol
REN
|
0.98321897 |
details, prediction |
DigiByte
DGB
|
0.9825417 |
details, prediction |
Fantom
FTM
|
0.9811683 |
details, prediction |
TomoChain
TOMO
|
0.9795789 |
details, prediction |
0x
ZRX
|
0.97678524 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.98413426 |
details, prediction |
Hydro Protocol
HOT
|
0.9803773 |
details, prediction |
Wanchain
WAN
|
0.9752509 |
details, prediction |
Kin
KIN
|
0.9710815 |
details, prediction |
Stox
STX
|
0.9710367 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta Fuel 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 Theta Fuel
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.1368741 |
details, prediction |
TRON
TRX
|
0.22621161 |
details, prediction |
Ethereum Classic
ETC
|
0.49573457 |
details, prediction |
KuCoin Shares
KCS
|
0.6843349 |
details, prediction |
Maker
MKR
|
0.72444606 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.31133115 |
details, prediction |
EthLend
LEND
|
-0.27139685 |
details, prediction |
True USD
TUSD
|
-0.17155352 |
details, prediction |
USD//Coin
USDC
|
0.06591409 |
details, prediction |
Dai
DAI
|
0.08671961 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.77587193 |
details, prediction |
Tidex Token
TDX
|
-0.76427555 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7315735 |
details, prediction |
Seele
SEELE
|
-0.594047 |
details, prediction |
OKCash
OK
|
-0.48300648 |
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)