Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.90639 |
details, prediction |
Tezos
XTZ
|
0.47638535 |
details, prediction |
Bitcoin
BTC
|
0.32244927 |
details, prediction |
Bitcoin Cash
BCH
|
0.30839524 |
details, prediction |
Monero
XMR
|
0.27404642 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
0.5423362 |
details, prediction |
Digix DAO
DGD
|
0.5269633 |
details, prediction |
Horizen
ZEN
|
0.48476404 |
details, prediction |
Decred
DCR
|
0.46004033 |
details, prediction |
Dai
DAI
|
0.4591325 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
0.72394633 |
details, prediction |
GoldCoin
GLD
|
0.64253837 |
details, prediction |
Particl
PART
|
0.60231584 |
details, prediction |
Blue Whale
BWX
|
0.5960628 |
details, prediction |
Eternal token
XET
|
0.57974327 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cashbery Coin 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 Cashbery Coin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
-0.4375616 |
details, prediction |
Maker
MKR
|
-0.35962376 |
details, prediction |
KuCoin Shares
KCS
|
-0.31337684 |
details, prediction |
Theta
THETA
|
-0.26049232 |
details, prediction |
SONM
SNM
|
-0.24927323 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
-0.7636758 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.57834303 |
details, prediction |
Steem
STEEM
|
-0.56854916 |
details, prediction |
Request Network
REQ
|
-0.5550578 |
details, prediction |
Polymath Network
POLY
|
-0.54154515 |
details, prediction |
Third tier
|
FantomCoin
FCN
|
-0.82953155 |
details, prediction |
Databits
DTB
|
-0.8230267 |
details, prediction |
Bulwark
BWK
|
-0.8058552 |
details, prediction |
Vitae
VITAE
|
-0.78912765 |
details, prediction |
FLASH coin
FLASH
|
-0.7761956 |
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)