Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.9408719 |
details, prediction |
Vechain
VET
|
0.9382112 |
details, prediction |
Stellar
XLM
|
0.9359564 |
details, prediction |
Huobi Token
HT
|
0.9294391 |
details, prediction |
XRP
XRP
|
0.92859256 |
details, prediction |
Second tier
|
ICON
ICX
|
0.95066005 |
details, prediction |
HoloToken
HOT
|
0.9503953 |
details, prediction |
Decred
DCR
|
0.9416636 |
details, prediction |
DASH
DASH
|
0.9416283 |
details, prediction |
Nexo
NEXO
|
0.93844086 |
details, prediction |
Third tier
|
Genaro Network
GNX
|
0.96818036 |
details, prediction |
CashBet
CBC
|
0.9554825 |
details, prediction |
Nebulas
NAS
|
0.95376253 |
details, prediction |
Odyssey
OCN
|
0.9512821 |
details, prediction |
BABB
BAX
|
0.95127475 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Achain 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 Achain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.14221294 |
details, prediction |
Ethereum Classic
ETC
|
0.2662739 |
details, prediction |
TRON
TRX
|
0.3864587 |
details, prediction |
Matic Network
MATIC
|
0.56127083 |
details, prediction |
Bitcoin SV
BSV
|
0.6811578 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.2712568 |
details, prediction |
Paxos Standard
PAX
|
-0.26241747 |
details, prediction |
True USD
TUSD
|
-0.034838088 |
details, prediction |
MaidSafe Coin
MAID
|
0.12224667 |
details, prediction |
USD//Coin
USDC
|
0.2084353 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8494191 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7340126 |
details, prediction |
Seele
SEELE
|
-0.6034137 |
details, prediction |
PetroDollar
XPD
|
-0.40597537 |
details, prediction |
OKCash
OK
|
-0.36741427 |
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)