Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.58581144 |
details, prediction |
Stellar
XLM
|
0.43114406 |
details, prediction |
Cardano
ADA
|
0.23869975 |
details, prediction |
Maker
MKR
|
0.18394102 |
details, prediction |
Theta
THETA
|
0.13257419 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.69701314 |
details, prediction |
ICON
ICX
|
0.67670685 |
details, prediction |
Loopring
LRC
|
0.62385446 |
details, prediction |
ARK
ARK
|
0.59815276 |
details, prediction |
IoTeX
IOTX
|
0.56836754 |
details, prediction |
Third tier
|
BHPCash
BHPC
|
0.96393996 |
details, prediction |
Tidex Token
TDX
|
0.9438803 |
details, prediction |
SolarCoin
SLR
|
0.8327149 |
details, prediction |
ZClassic
ZCL
|
0.7737093 |
details, prediction |
Pascal Coin
PASC
|
0.75618833 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ArtByte 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 ArtByte
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.6169684 |
details, prediction |
Crypto.com Chain
CRO
|
-0.40109262 |
details, prediction |
Bitcoin
BTC
|
-0.38689423 |
details, prediction |
Fantom
FTM
|
-0.3475877 |
details, prediction |
Bitcoin SV
BSV
|
-0.30779237 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.5734689 |
details, prediction |
Huobi Token
HT
|
-0.4007755 |
details, prediction |
MonaCoin
MONA
|
-0.35165697 |
details, prediction |
Nexo
NEXO
|
-0.34686145 |
details, prediction |
QTUM
QTUM
|
-0.34679404 |
details, prediction |
Third tier
|
Mixin
XIN
|
-0.84049565 |
details, prediction |
V Systems
VSYS
|
-0.8209208 |
details, prediction |
NEXT
NET
|
-0.7854742 |
details, prediction |
CommerceBlock
CBT
|
-0.6971035 |
details, prediction |
Darico
DEC
|
-0.6778635 |
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)