Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.92740846 |
details, prediction |
Stellar
XLM
|
0.919227 |
details, prediction |
Monero
XMR
|
0.9190697 |
details, prediction |
NEO
NEO
|
0.9131336 |
details, prediction |
Ethereum Classic
ETC
|
0.9117458 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
0.93782866 |
details, prediction |
Horizen
ZEN
|
0.9363429 |
details, prediction |
Ontology
ONT
|
0.9334351 |
details, prediction |
Steem
STEEM
|
0.9268636 |
details, prediction |
DASH
DASH
|
0.92579883 |
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
|
USD//Coin
USDC
|
0.035770915 |
details, prediction |
Bitcoin SV
BSV
|
0.10880779 |
details, prediction |
ChainLink
LINK
|
0.51178056 |
details, prediction |
TRON
TRX
|
0.62050337 |
details, prediction |
Maker
MKR
|
0.6575465 |
details, prediction |
Second tier
|
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 |
Quant Network
QNT
|
0.09073251 |
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)