Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.97737503 |
details, prediction |
Litecoin
LTC
|
0.97693974 |
details, prediction |
Matic Network
MATIC
|
0.9749289 |
details, prediction |
XRP
XRP
|
0.9733677 |
details, prediction |
Bitcoin Cash
BCH
|
0.9724662 |
details, prediction |
Second tier
|
NEM
XEM
|
0.9704124 |
details, prediction |
Ravencoin
RVN
|
0.96881783 |
details, prediction |
Bancor
BNT
|
0.96831346 |
details, prediction |
Horizen
ZEN
|
0.96816283 |
details, prediction |
Aragon
ANT
|
0.9679233 |
details, prediction |
Third tier
|
QLINK
QLC
|
0.9781207 |
details, prediction |
Bread
BRD
|
0.9779256 |
details, prediction |
Ambrosus
AMB
|
0.9754021 |
details, prediction |
AdEx
ADX
|
0.9750106 |
details, prediction |
V Systems
VSYS
|
0.9730118 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Synereo 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 Synereo
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.3271424 |
details, prediction |
Monero
XMR
|
0.7271499 |
details, prediction |
UNUS SED LEO
LEO
|
0.7749595 |
details, prediction |
KuCoin Shares
KCS
|
0.80072665 |
details, prediction |
Huobi Token
HT
|
0.8963994 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.49309105 |
details, prediction |
USD//Coin
USDC
|
-0.45739892 |
details, prediction |
Paxos Standard
PAX
|
-0.42122507 |
details, prediction |
Dai
DAI
|
-0.38653797 |
details, prediction |
EthLend
LEND
|
-0.28964117 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.88974744 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7910374 |
details, prediction |
ILCoin
ILC
|
-0.6573495 |
details, prediction |
Seele
SEELE
|
-0.65262264 |
details, prediction |
Envion
EVN
|
-0.6246311 |
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)