Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.87647986 |
details, prediction |
Ethereum Classic
ETC
|
0.7109452 |
details, prediction |
NEO
NEO
|
0.70897645 |
details, prediction |
USD//Coin
USDC
|
0.6525668 |
details, prediction |
EOS
EOS
|
0.59252274 |
details, prediction |
Second tier
|
Decred
DCR
|
0.8796778 |
details, prediction |
Gas
GAS
|
0.8555615 |
details, prediction |
Huobi Token
HT
|
0.82987964 |
details, prediction |
Synthetix Network Token
SNX
|
0.8122024 |
details, prediction |
DigiByte
DGB
|
0.7518229 |
details, prediction |
Third tier
|
Global Social Chain
GSC
|
0.970519 |
details, prediction |
Game
GTC
|
0.9687081 |
details, prediction |
Medicalchain
MTN
|
0.9491976 |
details, prediction |
Populous
PPT
|
0.94883376 |
details, prediction |
Seele
SEELE
|
0.93510187 |
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
|
Propy
PRO
|
-0.7598946 |
details, prediction |
OriginTrail
TRAC
|
-0.71004087 |
details, prediction |
ICON
ICX
|
-0.6363815 |
details, prediction |
Stox
STX
|
-0.63002396 |
details, prediction |
Decentraland
MANA
|
-0.6102617 |
details, prediction |
Third tier
|
Rotharium
RTH
|
-0.8078591 |
details, prediction |
Humaniq
HMQ
|
-0.7954214 |
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)