Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.9307405 |
details, prediction |
Litecoin
LTC
|
0.9230435 |
details, prediction |
Binance Coin
BNB
|
0.91321987 |
details, prediction |
Ethereum
ETH
|
0.9030794 |
details, prediction |
FTX Token
FTT
|
0.9024484 |
details, prediction |
Second tier
|
Constellation
DAG
|
0.93665296 |
details, prediction |
Aragon
ANT
|
0.9199711 |
details, prediction |
Verge
XVG
|
0.9147992 |
details, prediction |
Enjin Coin
ENJ
|
0.9116888 |
details, prediction |
Telcoin
TEL
|
0.9081028 |
details, prediction |
Third tier
|
SONM
SNM
|
0.94394433 |
details, prediction |
OAX
OAX
|
0.9419983 |
details, prediction |
Bread
BRD
|
0.93895125 |
details, prediction |
Nexus
NXS
|
0.9386169 |
details, prediction |
GXChain
GXC
|
0.9376864 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ambrosus 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 Ambrosus
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.064503625 |
details, prediction |
TRON
TRX
|
0.3966813 |
details, prediction |
Ethereum Classic
ETC
|
0.5925398 |
details, prediction |
Bitcoin SV
BSV
|
0.6020916 |
details, prediction |
KuCoin Shares
KCS
|
0.7241372 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.07201155 |
details, prediction |
EthLend
LEND
|
0.0636293 |
details, prediction |
True USD
TUSD
|
0.18385564 |
details, prediction |
USD//Coin
USDC
|
0.3917182 |
details, prediction |
MonaCoin
MONA
|
0.3946483 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.8488749 |
details, prediction |
Tidex Token
TDX
|
-0.7809093 |
details, prediction |
Seele
SEELE
|
-0.72156227 |
details, prediction |
Time New Bank
TNB
|
-0.48932016 |
details, prediction |
B2B
B2B
|
-0.48579526 |
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)