Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.9588649 |
details, prediction |
SONM
SNM
|
0.40706232 |
details, prediction |
Tezos
XTZ
|
0.39107972 |
details, prediction |
Stellar
XLM
|
0.38142973 |
details, prediction |
EOS
EOS
|
0.35565424 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.5146625 |
details, prediction |
SysCoin
SYS
|
0.45055526 |
details, prediction |
HoloToken
HOT
|
0.42863512 |
details, prediction |
Nano
NANO
|
0.42354158 |
details, prediction |
Verge
XVG
|
0.42090818 |
details, prediction |
Third tier
|
Agoras Token
AGRS
|
0.80956084 |
details, prediction |
Polis
POLIS
|
0.77795035 |
details, prediction |
GXChain
GXC
|
0.77626705 |
details, prediction |
DeviantCoin
DEV
|
0.74362504 |
details, prediction |
Waves Community Token
WCT
|
0.6675844 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoiin 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 Bitcoiin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.2988137 |
details, prediction |
ChainLink
LINK
|
-0.2838013 |
details, prediction |
Bitcoin
BTC
|
-0.21260135 |
details, prediction |
Fantom
FTM
|
-0.1370756 |
details, prediction |
Bitcoin SV
BSV
|
-0.08736442 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.34777436 |
details, prediction |
GXShares
GXS
|
-0.26188475 |
details, prediction |
Huobi Token
HT
|
-0.24693686 |
details, prediction |
Nexo
NEXO
|
-0.23077726 |
details, prediction |
FirstBlood
1ST
|
-0.16990225 |
details, prediction |
Third tier
|
BipCoin
BIP
|
-0.9489645 |
details, prediction |
Vitae
VITAE
|
-0.8969009 |
details, prediction |
Distributed Credit Chain
DCC
|
-0.8606017 |
details, prediction |
V Systems
VSYS
|
-0.7543051 |
details, prediction |
TerraCoin
TRC
|
-0.67970806 |
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)