Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.87647986 |
details, prediction |
Ethereum Classic
ETC
|
0.7109452 |
details, prediction |
Monero
XMR
|
0.5392611 |
details, prediction |
Dogecoin
DOGE
|
0.5232881 |
details, prediction |
Bitcoin Cash
BCH
|
0.45928064 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8796778 |
details, prediction |
Huobi Token
HT
|
0.82987964 |
details, prediction |
Synthetix Network Token
SNX
|
0.8122024 |
details, prediction |
DigiByte
DGB
|
0.7518229 |
details, prediction |
NEO
NEO
|
0.70897645 |
details, prediction |
|
Third tier
|
Global Social Chain
GSC
|
0.970519 |
details, prediction |
Game
GTC
|
0.9687081 |
details, prediction |
Populous
PPT
|
0.94883376 |
details, prediction |
Seele
SEELE
|
0.93510187 |
details, prediction |
Achain
ACT
|
0.93407667 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bit Capital Vendor 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 Bit Capital Vendor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.81621504 |
details, prediction |
Bitcoin
BTC
|
-0.69682175 |
details, prediction |
Ethereum
ETH
|
-0.6189116 |
details, prediction |
KuCoin Shares
KCS
|
-0.59197754 |
details, prediction |
Crypto.com Chain
CRO
|
-0.565599 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.71004087 |
details, prediction |
XYO Network
XYO
|
-0.66364884 |
details, prediction |
Decentraland
MANA
|
-0.6102617 |
details, prediction |
Nexo
NEXO
|
-0.60030746 |
details, prediction |
Loopring
LRC
|
-0.58155924 |
details, prediction |
|
Third tier
|
Rotharium
RTH
|
-0.8078591 |
details, prediction |
Propy
PRO
|
-0.7598946 |
details, prediction |
Bitbook Gambling
BXK
|
-0.747581 |
details, prediction |
Xriba
XRA
|
-0.72657055 |
details, prediction |
NAGA
NGC
|
-0.7197436 |
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)