Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.22932309 |
details, prediction |
XRP
XRP
|
-0.11371845 |
details, prediction |
ChainLink
LINK
|
-0.26095626 |
details, prediction |
Maker
MKR
|
-0.3445784 |
details, prediction |
Stellar
XLM
|
-0.4032138 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.7027428 |
details, prediction |
BitTorrent
BTT
|
0.6555202 |
details, prediction |
XYO Network
XYO
|
0.64681935 |
details, prediction |
Bitcoin SV
BSV
|
0.342834 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.27824873 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.92490745 |
details, prediction |
LockChain
LOC
|
0.83609164 |
details, prediction |
Bulwark
BWK
|
0.8246716 |
details, prediction |
Universa
UTNP
|
0.80387837 |
details, prediction |
Databits
DTB
|
0.80109864 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Aphelion 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 Aphelion
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.81292796 |
details, prediction |
Bitcoin
BTC
|
-0.78365356 |
details, prediction |
Litecoin
LTC
|
-0.71241 |
details, prediction |
Monero
XMR
|
-0.71031237 |
details, prediction |
Ethereum
ETH
|
-0.7096914 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
-0.7717754 |
details, prediction |
Horizen
ZEN
|
-0.768718 |
details, prediction |
Tezos
XTZ
|
-0.73591506 |
details, prediction |
SwissBorg
CHSB
|
-0.7237688 |
details, prediction |
Bitcoin Gold
BTG
|
-0.70989066 |
details, prediction |
|
Third tier
|
Eternal token
XET
|
-0.8342818 |
details, prediction |
CLAMS
CLAM
|
-0.83399206 |
details, prediction |
Utrust
UTK
|
-0.81491005 |
details, prediction |
Santiment
SAN
|
-0.81066096 |
details, prediction |
Egretia
EGT
|
-0.8089064 |
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)