Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.87686443 |
details, prediction |
XRP
XRP
|
0.8670974 |
details, prediction |
Litecoin
LTC
|
0.8659731 |
details, prediction |
Ethereum
ETH
|
0.8461299 |
details, prediction |
Bitcoin Cash
BCH
|
0.84052 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.8736292 |
details, prediction |
Aragon
ANT
|
0.8716358 |
details, prediction |
Verge
XVG
|
0.87007034 |
details, prediction |
QTUM
QTUM
|
0.8698544 |
details, prediction |
OriginTrail
TRAC
|
0.8697945 |
details, prediction |
|
Third tier
|
Ternio
TERN
|
0.9424973 |
details, prediction |
Heat Ledger
HEAT
|
0.9390731 |
details, prediction |
CryptoPay
CPAY
|
0.92382145 |
details, prediction |
Global Cryptocurrency
GCC
|
0.9213031 |
details, prediction |
Dynamic Trading Rights
DTR
|
0.9085742 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bata 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 Bata
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.01745484 |
details, prediction |
Dogecoin
DOGE
|
0.04563589 |
details, prediction |
Bitcoin
BTC
|
0.26913843 |
details, prediction |
Ethereum Classic
ETC
|
0.37358508 |
details, prediction |
Stellar
XLM
|
0.3856715 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.10659542 |
details, prediction |
Dai
DAI
|
-0.023170382 |
details, prediction |
HoloToken
HOT
|
0.028076334 |
details, prediction |
Ravencoin
RVN
|
0.17924045 |
details, prediction |
DigiByte
DGB
|
0.20031053 |
details, prediction |
|
Third tier
|
Metaverse
ETP
|
-0.72598636 |
details, prediction |
Docademic
MTC
|
-0.57181203 |
details, prediction |
Zilbercoin
ZBC
|
-0.51465493 |
details, prediction |
AurumCoin
AU
|
-0.38413185 |
details, prediction |
ODEM
ODEM
|
-0.3825539 |
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)