Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.9558709 |
details, prediction |
NEO
NEO
|
0.9554454 |
details, prediction |
Cardano
ADA
|
0.95451266 |
details, prediction |
TRON
TRX
|
0.94278616 |
details, prediction |
Litecoin
LTC
|
0.9420992 |
details, prediction |
Second tier
|
Nano
NANO
|
0.9795427 |
details, prediction |
Verge
XVG
|
0.9757654 |
details, prediction |
Request Network
REQ
|
0.9706125 |
details, prediction |
EthLend
LEND
|
0.9703011 |
details, prediction |
Gas
GAS
|
0.9612856 |
details, prediction |
Third tier
|
StealthCoin
XST
|
0.9756639 |
details, prediction |
Modum
MOD
|
0.9712053 |
details, prediction |
Nucleus Vision
NCASH
|
0.9696555 |
details, prediction |
Yoyow
YOYOW
|
0.9674502 |
details, prediction |
Time New Bank
TNB
|
0.9668303 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Scrypt 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 Bitcoin Scrypt
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.025445938 |
details, prediction |
Theta
THETA
|
0.2562758 |
details, prediction |
Tezos
XTZ
|
0.37253076 |
details, prediction |
SONM
SNM
|
0.8207418 |
details, prediction |
Ethereum Classic
ETC
|
0.82712436 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.39068255 |
details, prediction |
Dai
DAI
|
-0.037774343 |
details, prediction |
True USD
TUSD
|
0.18854742 |
details, prediction |
Decred
DCR
|
0.45510417 |
details, prediction |
DigiByte
DGB
|
0.57567525 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.79078734 |
details, prediction |
WeAreSatoshi
WSX
|
-0.77920413 |
details, prediction |
Bitcedi
BXC
|
-0.75016 |
details, prediction |
ODEM
ODEM
|
-0.62811345 |
details, prediction |
Bittwatt
BWT
|
-0.4451259 |
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)