Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.78070956 |
details, prediction |
Cardano
ADA
|
0.7596805 |
details, prediction |
Monero
XMR
|
0.6689319 |
details, prediction |
Dogecoin
DOGE
|
0.66477674 |
details, prediction |
Maker
MKR
|
0.6093751 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8226717 |
details, prediction |
DigiByte
DGB
|
0.7665018 |
details, prediction |
SwissBorg
CHSB
|
0.7460899 |
details, prediction |
NEO
NEO
|
0.722393 |
details, prediction |
Synthetix Network Token
SNX
|
0.71488374 |
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 |
Crypto.com Chain
CRO
|
-0.52188075 |
details, prediction |
Ethereum
ETH
|
-0.47024766 |
details, prediction |
KuCoin Shares
KCS
|
-0.45762426 |
details, prediction |
TRON
TRX
|
-0.45360333 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.74947155 |
details, prediction |
Algorand
ALGO
|
-0.6892541 |
details, prediction |
Cosmos
ATOM
|
-0.61066985 |
details, prediction |
Polymath Network
POLY
|
-0.59748423 |
details, prediction |
OriginTrail
TRAC
|
-0.583097 |
details, prediction |
|
Third tier
|
Tierion
TNT
|
-0.6847222 |
details, prediction |
Chronobank
TIME
|
-0.6630744 |
details, prediction |
Propy
PRO
|
-0.661745 |
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)