Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.8519726 |
details, prediction |
TRON
TRX
|
0.8408065 |
details, prediction |
Litecoin
LTC
|
0.82223874 |
details, prediction |
Theta
THETA
|
0.81816125 |
details, prediction |
SONM
SNM
|
0.8126088 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.86789185 |
details, prediction |
Huobi Token
HT
|
0.8661498 |
details, prediction |
OriginTrail
TRAC
|
0.8601602 |
details, prediction |
QTUM
QTUM
|
0.8595172 |
details, prediction |
FirstBlood
1ST
|
0.85581 |
details, prediction |
Third tier
|
Ternio
TERN
|
0.8959842 |
details, prediction |
Nimiq
NET
|
0.88091576 |
details, prediction |
Egretia
EGT
|
0.8773506 |
details, prediction |
Colu Local Network
CLN
|
0.8751807 |
details, prediction |
Trade Token
TIO
|
0.8748009 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ConnectJob Token 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 ConnectJob Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.6564839 |
details, prediction |
Dogecoin
DOGE
|
-0.5769346 |
details, prediction |
Vechain
VET
|
0.0016308342 |
details, prediction |
Stellar
XLM
|
0.072048135 |
details, prediction |
Bitcoin
BTC
|
0.12927888 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.69461834 |
details, prediction |
True USD
TUSD
|
-0.4605708 |
details, prediction |
Dai
DAI
|
0.03792688 |
details, prediction |
Nano
NANO
|
0.2096662 |
details, prediction |
DigiByte
DGB
|
0.34829396 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.80476964 |
details, prediction |
Vitae
VITAE
|
-0.6654868 |
details, prediction |
Speed Mining Service
SMS
|
-0.5044338 |
details, prediction |
NIX
NIX
|
-0.4532499 |
details, prediction |
Airbloc
ABL
|
-0.43122572 |
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)