Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.78070956 |
details, prediction |
Cardano
ADA
|
0.7596805 |
details, prediction |
NEO
NEO
|
0.722393 |
details, prediction |
Monero
XMR
|
0.6689319 |
details, prediction |
Dogecoin
DOGE
|
0.66477674 |
details, prediction |
Second tier
|
Decred
DCR
|
0.8226717 |
details, prediction |
DigiByte
DGB
|
0.7665018 |
details, prediction |
SwissBorg
CHSB
|
0.7460899 |
details, prediction |
Gas
GAS
|
0.7414213 |
details, prediction |
Lisk
LSK
|
0.7365948 |
details, prediction |
Third tier
|
Sentinel
SENT
|
0.90721864 |
details, prediction |
SaluS
SLS
|
0.8722361 |
details, prediction |
CloakCoin
CLOAK
|
0.8632812 |
details, prediction |
Bytom
BTM
|
0.8496465 |
details, prediction |
Lambda
LAMB
|
0.84609216 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Alphacat 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 Alphacat
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.7175288 |
details, prediction |
Cosmos
ATOM
|
-0.61066985 |
details, prediction |
Crypto.com Chain
CRO
|
-0.52188075 |
details, prediction |
Ethereum
ETH
|
-0.47024766 |
details, prediction |
KuCoin Shares
KCS
|
-0.45762426 |
details, prediction |
Second tier
|
Algorand
ALGO
|
-0.6892541 |
details, prediction |
Propy
PRO
|
-0.661745 |
details, prediction |
ICON
ICX
|
-0.6103892 |
details, prediction |
Polymath Network
POLY
|
-0.59748423 |
details, prediction |
OriginTrail
TRAC
|
-0.583097 |
details, prediction |
Third tier
|
XYO Network
XYO
|
-0.74947155 |
details, prediction |
Tierion
TNT
|
-0.6847222 |
details, prediction |
Chronobank
TIME
|
-0.6630744 |
details, prediction |
Phantasma
SOUL
|
-0.63674325 |
details, prediction |
NAGA
NGC
|
-0.6351041 |
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)