Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.92740846 |
details, prediction |
ZCash
ZEC
|
0.9202227 |
details, prediction |
Stellar
XLM
|
0.919227 |
details, prediction |
Monero
XMR
|
0.9190697 |
details, prediction |
Ethereum Classic
ETC
|
0.9117458 |
details, prediction |
|
Second tier
|
MonaCoin
MONA
|
0.93782866 |
details, prediction |
Horizen
ZEN
|
0.9363429 |
details, prediction |
DASH
DASH
|
0.92579883 |
details, prediction |
Tezos
XTZ
|
0.91430247 |
details, prediction |
GXShares
GXS
|
0.9133888 |
details, prediction |
|
Third tier
|
Crypterium
CRPT
|
0.95231986 |
details, prediction |
MOAC
MOAC
|
0.95167273 |
details, prediction |
Bulwark
BWK
|
0.9488539 |
details, prediction |
Infinite Coin
IFC
|
0.9473065 |
details, prediction |
Presearch
PRE
|
0.94452137 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bob's Repair 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 Bob's Repair
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.51178056 |
details, prediction |
TRON
TRX
|
0.62050337 |
details, prediction |
Maker
MKR
|
0.6575465 |
details, prediction |
SONM
SNM
|
0.8341135 |
details, prediction |
Dogecoin
DOGE
|
0.8410224 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.5641685 |
details, prediction |
Waves
WAVES
|
-0.3881118 |
details, prediction |
Dai
DAI
|
-0.28252935 |
details, prediction |
Paxos Standard
PAX
|
-0.23181145 |
details, prediction |
True USD
TUSD
|
-0.094211236 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
-0.7944208 |
details, prediction |
WorldCoin
WDC
|
-0.7110347 |
details, prediction |
Factom
FCT
|
-0.70888513 |
details, prediction |
Tycoon Global
TCT
|
-0.68662894 |
details, prediction |
CWV Chain
CWV
|
-0.64614844 |
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)