Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.90709084 |
details, prediction |
IOTA
IOT
|
0.88204324 |
details, prediction |
Matic Network
MATIC
|
0.853959 |
details, prediction |
SONM
SNM
|
0.81978464 |
details, prediction |
ChainLink
LINK
|
0.8137386 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.90420514 |
details, prediction |
Algorand
ALGO
|
0.90046614 |
details, prediction |
SysCoin
SYS
|
0.900321 |
details, prediction |
Aragon
ANT
|
0.8955383 |
details, prediction |
MonaCoin
MONA
|
0.8842332 |
details, prediction |
Third tier
|
Dragonchain
DRGN
|
0.95482755 |
details, prediction |
Gamecredits
GAME
|
0.94482917 |
details, prediction |
Game
GTC
|
0.93849653 |
details, prediction |
Elastos
ELA
|
0.92687976 |
details, prediction |
Ubiq
UBQ
|
0.925703 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Adbank 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 Adbank
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.64246255 |
details, prediction |
UNUS SED LEO
LEO
|
-0.32028243 |
details, prediction |
Ethereum Classic
ETC
|
-0.21855757 |
details, prediction |
TRON
TRX
|
-0.21223891 |
details, prediction |
Chiliz
CHZ
|
-0.07424689 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.8982034 |
details, prediction |
Kyber Network
KNC
|
-0.7423085 |
details, prediction |
Zilliqa
ZIL
|
-0.50502396 |
details, prediction |
ZCash
ZEC
|
-0.47820926 |
details, prediction |
Waves
WAVES
|
-0.45776966 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.819072 |
details, prediction |
Seele
SEELE
|
-0.7659118 |
details, prediction |
SibCoin
SIB
|
-0.7563132 |
details, prediction |
Linker Coin
LNC
|
-0.71806854 |
details, prediction |
Quantum Resistant Ledger
QRL
|
-0.69617605 |
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)