Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.64194846 |
details, prediction |
Decentraland
MANA
|
0.52487093 |
details, prediction |
KuCoin Shares
KCS
|
0.45679086 |
details, prediction |
Tezos
XTZ
|
0.4465882 |
details, prediction |
Crypto.com Chain
CRO
|
0.4400807 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.84831446 |
details, prediction |
Electroneum
ETN
|
0.6829108 |
details, prediction |
Bitcoin Diamond
BCD
|
0.6822804 |
details, prediction |
MaidSafe Coin
MAID
|
0.6707668 |
details, prediction |
Elastos
ELA
|
0.6656836 |
details, prediction |
Third tier
|
Yoyow
YOYOW
|
0.8147479 |
details, prediction |
TrueChain
TRUE
|
0.8112688 |
details, prediction |
Cindicator
CND
|
0.80308115 |
details, prediction |
Abyss
ABYSS
|
0.78303546 |
details, prediction |
WAX
WAX
|
0.780044 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BANCA 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 BANCA
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Waves
WAVES
|
-0.32594177 |
details, prediction |
ZCash
ZEC
|
-0.31619725 |
details, prediction |
TRON
TRX
|
-0.30896476 |
details, prediction |
Monero
XMR
|
-0.24573097 |
details, prediction |
Ethereum Classic
ETC
|
-0.061908152 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.30092728 |
details, prediction |
Kyber Network
KNC
|
-0.2569703 |
details, prediction |
Dai
DAI
|
-0.20254436 |
details, prediction |
FunFair
FUN
|
-0.19940326 |
details, prediction |
Paxos Standard
PAX
|
-0.17247538 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.81240994 |
details, prediction |
Seele
SEELE
|
-0.63467914 |
details, prediction |
Haven Protocol
XHV
|
-0.5987198 |
details, prediction |
Rotharium
RTH
|
-0.55483 |
details, prediction |
DOVU
DOVU
|
-0.5378795 |
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)