Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.54751194 |
details, prediction |
TRON
TRX
|
0.52349013 |
details, prediction |
Dogecoin
DOGE
|
0.5200816 |
details, prediction |
Bitcoin
BTC
|
0.49251992 |
details, prediction |
Monero
XMR
|
0.46659753 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.78126913 |
details, prediction |
Gas
GAS
|
0.64233124 |
details, prediction |
Status
SNT
|
0.62317014 |
details, prediction |
ARK
ARK
|
0.6149476 |
details, prediction |
Verge
XVG
|
0.59108704 |
details, prediction |
Third tier
|
Stratis
STRAT
|
0.8633564 |
details, prediction |
Xaurum
XAUR
|
0.81516206 |
details, prediction |
Synereo
AMP
|
0.75398844 |
details, prediction |
Kambria
KAT
|
0.7241692 |
details, prediction |
Nxt
NXT
|
0.7222055 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Centrality 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 Centrality
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
-0.24659936 |
details, prediction |
Theta
THETA
|
-0.0988329 |
details, prediction |
Cosmos
ATOM
|
-0.0780952 |
details, prediction |
Bitcoin SV
BSV
|
-0.06485001 |
details, prediction |
Matic Network
MATIC
|
-0.040798616 |
details, prediction |
Second tier
|
Storj
STORJ
|
-0.11699589 |
details, prediction |
iEx.ec
RLC
|
-0.1093644 |
details, prediction |
Ravencoin
RVN
|
-0.08875952 |
details, prediction |
Bitcoin Gold
BTG
|
-0.03841236 |
details, prediction |
Theta Fuel
TFUEL
|
-0.02090788 |
details, prediction |
Third tier
|
Rotharium
RTH
|
-0.40874818 |
details, prediction |
Seele
SEELE
|
-0.33223778 |
details, prediction |
Gemini Dollar
GUSD
|
-0.33036152 |
details, prediction |
ByteCoin
BCN
|
-0.32813203 |
details, prediction |
FREE Coin
FREE
|
-0.2545798 |
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)