Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.49711454 |
details, prediction |
Stellar
XLM
|
0.41148937 |
details, prediction |
Monero
XMR
|
0.3581434 |
details, prediction |
XRP
XRP
|
0.33749118 |
details, prediction |
Ethereum Classic
ETC
|
0.30931193 |
details, prediction |
Second tier
|
Tezos
XTZ
|
0.74354243 |
details, prediction |
Horizen
ZEN
|
0.73883337 |
details, prediction |
Digix DAO
DGD
|
0.73027664 |
details, prediction |
Theta Fuel
TFUEL
|
0.62273186 |
details, prediction |
Nano
NANO
|
0.60486495 |
details, prediction |
Third tier
|
BHPCash
BHPC
|
0.93539655 |
details, prediction |
Tidex Token
TDX
|
0.8918019 |
details, prediction |
StealthCoin
XST
|
0.8362805 |
details, prediction |
Particl
PART
|
0.8082213 |
details, prediction |
ArcBlock
ABT
|
0.76250196 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ATB coin 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 ATB coin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.53966266 |
details, prediction |
Crypto.com Chain
CRO
|
-0.23011442 |
details, prediction |
Cosmos
ATOM
|
-0.19504404 |
details, prediction |
ChainLink
LINK
|
-0.14239272 |
details, prediction |
Fantom
FTM
|
-0.11267117 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.42712438 |
details, prediction |
Metal
MTL
|
-0.33483073 |
details, prediction |
AMO Coin
AMO
|
-0.27131036 |
details, prediction |
Metadium
META
|
-0.27103525 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.26634014 |
details, prediction |
Third tier
|
DopeCoin
DOPE
|
-0.8818481 |
details, prediction |
CounterParty
XCP
|
-0.84603477 |
details, prediction |
V Systems
VSYS
|
-0.8458335 |
details, prediction |
Xriba
XRA
|
-0.8357285 |
details, prediction |
Distributed Credit Chain
DCC
|
-0.8207786 |
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)