Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.20660414 |
details, prediction |
TRON
TRX
|
-0.24675396 |
details, prediction |
XRP
XRP
|
-0.29213706 |
details, prediction |
Dogecoin
DOGE
|
-0.5661742 |
details, prediction |
ChainLink
LINK
|
-0.5678505 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.8361161 |
details, prediction |
XYO Network
XYO
|
0.63044274 |
details, prediction |
BitTorrent
BTT
|
0.58727026 |
details, prediction |
True USD
TUSD
|
0.49037322 |
details, prediction |
Dai
DAI
|
0.46620256 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9099111 |
details, prediction |
Bittwatt
BWT
|
0.9054812 |
details, prediction |
GoldCoin
GLD
|
0.8612634 |
details, prediction |
Dreamscape
DSC
|
0.83635247 |
details, prediction |
CargoX
CXO
|
0.83484954 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bee Token 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 Bee Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.82611054 |
details, prediction |
Fantom
FTM
|
-0.8006374 |
details, prediction |
KuCoin Shares
KCS
|
-0.785899 |
details, prediction |
Cardano
ADA
|
-0.778633 |
details, prediction |
Litecoin
LTC
|
-0.7488866 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.8441291 |
details, prediction |
Ravencoin
RVN
|
-0.83568543 |
details, prediction |
Tezos
XTZ
|
-0.822189 |
details, prediction |
GXShares
GXS
|
-0.8211711 |
details, prediction |
Telcoin
TEL
|
-0.8051243 |
details, prediction |
|
Third tier
|
Numerai
NMR
|
-0.8614992 |
details, prediction |
WeShow Token
WET
|
-0.85140294 |
details, prediction |
PCHAIN
PAI
|
-0.84356034 |
details, prediction |
Airbloc
ABL
|
-0.83848906 |
details, prediction |
DeepOnion
ONION
|
-0.83602446 |
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)