Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.97049 |
details, prediction |
Stellar
XLM
|
0.96939933 |
details, prediction |
TRON
TRX
|
0.9500505 |
details, prediction |
SONM
SNM
|
0.9489987 |
details, prediction |
Cosmos
ATOM
|
0.9447782 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.97401404 |
details, prediction |
Theta Fuel
TFUEL
|
0.973518 |
details, prediction |
Polymath Network
POLY
|
0.9718474 |
details, prediction |
Basic Attention Token
BAT
|
0.9705597 |
details, prediction |
Steem
STEEM
|
0.9699176 |
details, prediction |
Third tier
|
Ambrosus
AMB
|
0.9760311 |
details, prediction |
Nxt
NXT
|
0.97488457 |
details, prediction |
PIVX
PIVX
|
0.9726074 |
details, prediction |
Abyss
ABYSS
|
0.971205 |
details, prediction |
Refereum
RFR
|
0.9700069 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crowd Machine 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 Crowd Machine
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.053659696 |
details, prediction |
KuCoin Shares
KCS
|
0.073285945 |
details, prediction |
USD//Coin
USDC
|
0.121492855 |
details, prediction |
Tezos
XTZ
|
0.23822835 |
details, prediction |
ChainLink
LINK
|
0.36429822 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.81855303 |
details, prediction |
HedgeTrade
HEDG
|
-0.8074052 |
details, prediction |
Huobi Token
HT
|
-0.4621931 |
details, prediction |
Synthetix Network Token
SNX
|
-0.41236508 |
details, prediction |
SwissBorg
CHSB
|
-0.39811194 |
details, prediction |
Third tier
|
RSK Infrastructure Framework
RIF
|
-0.88076925 |
details, prediction |
Digix Gold Token
DGX
|
-0.8767528 |
details, prediction |
Vitae
VITAE
|
-0.8738111 |
details, prediction |
Seele
SEELE
|
-0.8630248 |
details, prediction |
SIX
SIX
|
-0.83084756 |
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)