Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.5723179 |
details, prediction |
Ethereum
ETH
|
0.53819263 |
details, prediction |
KuCoin Shares
KCS
|
0.52654576 |
details, prediction |
Cardano
ADA
|
0.5099169 |
details, prediction |
ZCash
ZEC
|
0.49139974 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.6320097 |
details, prediction |
Nano
NANO
|
0.61552376 |
details, prediction |
OriginTrail
TRAC
|
0.58311737 |
details, prediction |
IOTA
IOT
|
0.5818026 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.5778321 |
details, prediction |
|
Third tier
|
AurumCoin
AU
|
0.84428066 |
details, prediction |
Altcoin
ALT
|
0.807434 |
details, prediction |
CounterParty
XCP
|
0.7495429 |
details, prediction |
Zilbercoin
ZBC
|
0.73696077 |
details, prediction |
AeonCoin
AEON
|
0.73596394 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BoutsPro 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 BoutsPro
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.4595652 |
details, prediction |
Maker
MKR
|
-0.16789715 |
details, prediction |
ChainLink
LINK
|
-0.15744433 |
details, prediction |
Stellar
XLM
|
0.06111122 |
details, prediction |
SONM
SNM
|
0.271355 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.29813433 |
details, prediction |
Quant Network
QNT
|
-0.28004727 |
details, prediction |
True USD
TUSD
|
-0.2530752 |
details, prediction |
USD//Coin
USDC
|
-0.2374512 |
details, prediction |
Paxos Standard
PAX
|
-0.19239472 |
details, prediction |
|
Third tier
|
UniCoin
UNIC
|
-0.6104267 |
details, prediction |
Zoin
ZOI
|
-0.5991488 |
details, prediction |
QuarkChain
QKC
|
-0.4518747 |
details, prediction |
Electroneum
ETN
|
-0.4263008 |
details, prediction |
Vitae
VITAE
|
-0.40717888 |
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)