Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.88376164 |
details, prediction |
XRP
XRP
|
0.87610245 |
details, prediction |
EOS
EOS
|
0.8721758 |
details, prediction |
Cardano
ADA
|
0.871532 |
details, prediction |
Litecoin
LTC
|
0.8647733 |
details, prediction |
Second tier
|
Power Ledger
POWR
|
0.8746002 |
details, prediction |
Ontology
ONT
|
0.87434286 |
details, prediction |
Polymath Network
POLY
|
0.86965126 |
details, prediction |
Steem
STEEM
|
0.86889166 |
details, prediction |
DASH
DASH
|
0.8681613 |
details, prediction |
Third tier
|
HalalChain
HLC
|
0.88259995 |
details, prediction |
Aeternity
AE
|
0.8736539 |
details, prediction |
Airbloc
ABL
|
0.8736015 |
details, prediction |
Bitshares
BTS
|
0.8727793 |
details, prediction |
Crypto20
C20
|
0.8719002 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BuzzCoin 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 BuzzCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.052845526 |
details, prediction |
Bitcoin
BTC
|
0.13202457 |
details, prediction |
Tezos
XTZ
|
0.16183667 |
details, prediction |
KuCoin Shares
KCS
|
0.18862875 |
details, prediction |
ChainLink
LINK
|
0.31919426 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.6970102 |
details, prediction |
HedgeTrade
HEDG
|
-0.6952168 |
details, prediction |
Huobi Token
HT
|
-0.47539783 |
details, prediction |
Aragon
ANT
|
-0.26479203 |
details, prediction |
SwissBorg
CHSB
|
-0.14852263 |
details, prediction |
Third tier
|
RSK Infrastructure Framework
RIF
|
-0.83119565 |
details, prediction |
Seele
SEELE
|
-0.75826377 |
details, prediction |
Tidex Token
TDX
|
-0.7391958 |
details, prediction |
BipCoin
BIP
|
-0.70499766 |
details, prediction |
Digix Gold Token
DGX
|
-0.68914896 |
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)