Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.6942177 |
details, prediction |
Tezos
XTZ
|
0.62105143 |
details, prediction |
Cosmos
ATOM
|
0.59353614 |
details, prediction |
Stellar
XLM
|
0.56508195 |
details, prediction |
SONM
SNM
|
0.539862 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.8034404 |
details, prediction |
Digix DAO
DGD
|
0.658086 |
details, prediction |
iEx.ec
RLC
|
0.64731324 |
details, prediction |
Nano
NANO
|
0.62994266 |
details, prediction |
Horizen
ZEN
|
0.6061873 |
details, prediction |
Third tier
|
DimeCoin
DIME
|
0.6992402 |
details, prediction |
SmartMesh
SMT
|
0.6915161 |
details, prediction |
TokenPay
TPAY
|
0.6890752 |
details, prediction |
Presearch
PRE
|
0.67890155 |
details, prediction |
Rotharium
RTH
|
0.67833555 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Carboncoin 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 Carboncoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.58246386 |
details, prediction |
ChainLink
LINK
|
-0.5420292 |
details, prediction |
Bitcoin
BTC
|
-0.442383 |
details, prediction |
Fantom
FTM
|
-0.40322998 |
details, prediction |
NEO
NEO
|
-0.21836177 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.6206629 |
details, prediction |
Republic protocol
REN
|
-0.5997051 |
details, prediction |
Huobi Token
HT
|
-0.5690724 |
details, prediction |
Nexo
NEXO
|
-0.5389027 |
details, prediction |
MonaCoin
MONA
|
-0.39744467 |
details, prediction |
Third tier
|
Vitae
VITAE
|
-0.729593 |
details, prediction |
Yggdrash
YEED
|
-0.6735911 |
details, prediction |
Crypterium
CRPT
|
-0.63033485 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.62907374 |
details, prediction |
Egretia
EGT
|
-0.62503767 |
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)