Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.87686443 |
details, prediction |
XRP
XRP
|
0.8670974 |
details, prediction |
IOTA
IOT
|
0.8670511 |
details, prediction |
Litecoin
LTC
|
0.8659731 |
details, prediction |
NEO
NEO
|
0.8643977 |
details, prediction |
Second tier
|
Civic
CVC
|
0.8779623 |
details, prediction |
Request Network
REQ
|
0.8736292 |
details, prediction |
Metal
MTL
|
0.8717718 |
details, prediction |
Aragon
ANT
|
0.8716358 |
details, prediction |
Verge
XVG
|
0.87007034 |
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
|
Vechain
VET
|
-0.10659542 |
details, prediction |
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 |
Second tier
|
Dai
DAI
|
-0.023170382 |
details, prediction |
HoloToken
HOT
|
0.028076334 |
details, prediction |
Ravencoin
RVN
|
0.17924045 |
details, prediction |
DigiByte
DGB
|
0.20031053 |
details, prediction |
True USD
TUSD
|
0.25451168 |
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)