Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9653361 |
details, prediction |
IOTA
IOT
|
0.95246845 |
details, prediction |
NEO
NEO
|
0.93687975 |
details, prediction |
XRP
XRP
|
0.9345722 |
details, prediction |
Decentraland
MANA
|
0.9314681 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.97792655 |
details, prediction |
TomoChain
TOMO
|
0.96082157 |
details, prediction |
DigiByte
DGB
|
0.95864105 |
details, prediction |
Fantom
FTM
|
0.9578182 |
details, prediction |
Republic protocol
REN
|
0.95697385 |
details, prediction |
Third tier
|
Hydro Protocol
HOT
|
0.9722041 |
details, prediction |
GXChain
GXC
|
0.97210234 |
details, prediction |
Scry.info
DDD
|
0.948545 |
details, prediction |
Aion
AION
|
0.9447723 |
details, prediction |
Kin
KIN
|
0.9440138 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta 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
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.1090339 |
details, prediction |
UNUS SED LEO
LEO
|
0.2518852 |
details, prediction |
Ethereum Classic
ETC
|
0.4853257 |
details, prediction |
KuCoin Shares
KCS
|
0.59188086 |
details, prediction |
Maker
MKR
|
0.6463145 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.32428074 |
details, prediction |
EthLend
LEND
|
-0.31862348 |
details, prediction |
True USD
TUSD
|
-0.28441352 |
details, prediction |
USD//Coin
USDC
|
-0.056385268 |
details, prediction |
Dai
DAI
|
-0.037999965 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.7679111 |
details, prediction |
Tidex Token
TDX
|
-0.6862095 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6465663 |
details, prediction |
ILCoin
ILC
|
-0.5352995 |
details, prediction |
OKCash
OK
|
-0.48137504 |
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)