Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.35178414 |
details, prediction |
KuCoin Shares
KCS
|
0.30620444 |
details, prediction |
Ethereum Classic
ETC
|
0.28912514 |
details, prediction |
Cardano
ADA
|
0.2826116 |
details, prediction |
SONM
SNM
|
0.25326797 |
details, prediction |
|
Second tier
|
Ethos (Bitquence)
BQX
|
0.42339796 |
details, prediction |
Digix DAO
DGD
|
0.38955817 |
details, prediction |
OriginTrail
TRAC
|
0.386711 |
details, prediction |
Huobi Token
HT
|
0.3642141 |
details, prediction |
QTUM
QTUM
|
0.36286137 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9417666 |
details, prediction |
Dero
DERO
|
0.6272437 |
details, prediction |
Scroll
SCRL
|
0.5515254 |
details, prediction |
DAEX
DAX
|
0.5327744 |
details, prediction |
Ionomy
ION
|
0.45391235 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ArcticCoin 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 ArcticCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.39287972 |
details, prediction |
Dogecoin
DOGE
|
-0.29523945 |
details, prediction |
Stellar
XLM
|
-0.27307785 |
details, prediction |
Monero
XMR
|
-0.22724271 |
details, prediction |
ChainLink
LINK
|
-0.1513092 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5122857 |
details, prediction |
Telcoin
TEL
|
-0.42311558 |
details, prediction |
HoloToken
HOT
|
-0.30347228 |
details, prediction |
SwissBorg
CHSB
|
-0.28019392 |
details, prediction |
Bitcoin Gold
BTG
|
-0.25272623 |
details, prediction |
|
Third tier
|
Haven Protocol
XHV
|
-0.7060965 |
details, prediction |
Presearch
PRE
|
-0.58782077 |
details, prediction |
Rotharium
RTH
|
-0.57908225 |
details, prediction |
Gemini Dollar
GUSD
|
-0.43883628 |
details, prediction |
Asia Coin
AC
|
-0.43013313 |
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)