Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.68452615 |
details, prediction |
SONM
SNM
|
0.57201046 |
details, prediction |
Maker
MKR
|
0.5718635 |
details, prediction |
NEO
NEO
|
0.5504816 |
details, prediction |
Vechain
VET
|
0.53739274 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.74112916 |
details, prediction |
Paxos Standard
PAX
|
0.67411 |
details, prediction |
Verge
XVG
|
0.6654078 |
details, prediction |
Cortex
CTXC
|
0.65873194 |
details, prediction |
Dai
DAI
|
0.65034723 |
details, prediction |
Third tier
|
Experience Points
XP
|
0.7997317 |
details, prediction |
Kambria
KAT
|
0.743644 |
details, prediction |
Synereo
AMP
|
0.7289983 |
details, prediction |
PinkCoin
PINK
|
0.69646186 |
details, prediction |
Omni
OMNI
|
0.66148335 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 1337 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 1337
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
-0.17766896 |
details, prediction |
XRP
XRP
|
-0.15895389 |
details, prediction |
Bitcoin
BTC
|
-0.09144709 |
details, prediction |
Ethereum
ETH
|
-0.07696689 |
details, prediction |
Litecoin
LTC
|
-0.03476479 |
details, prediction |
Second tier
|
Loom Network
LOOM
|
-0.1954214 |
details, prediction |
Stox
STX
|
-0.17138727 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.15659301 |
details, prediction |
Telcoin
TEL
|
-0.15480612 |
details, prediction |
Huobi Token
HT
|
-0.12441035 |
details, prediction |
Third tier
|
CommerceBlock
CBT
|
-0.71209806 |
details, prediction |
BipCoin
BIP
|
-0.5715373 |
details, prediction |
uDoo
UDOO
|
-0.5666642 |
details, prediction |
WeShow Token
WET
|
-0.5492795 |
details, prediction |
Darico
DEC
|
-0.43697834 |
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)