Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.73065984 |
details, prediction |
Decentraland
MANA
|
0.620405 |
details, prediction |
Matic Network
MATIC
|
0.4817703 |
details, prediction |
Tezos
XTZ
|
0.46966642 |
details, prediction |
IOTA
IOT
|
0.45879233 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.88149685 |
details, prediction |
Elastos
ELA
|
0.820268 |
details, prediction |
Bitcoin Diamond
BCD
|
0.8153492 |
details, prediction |
Electroneum
ETN
|
0.75851685 |
details, prediction |
MonaCoin
MONA
|
0.71925277 |
details, prediction |
Third tier
|
Nucleus Vision
NCASH
|
0.9467237 |
details, prediction |
Particl
PART
|
0.8928596 |
details, prediction |
UnlimitedIP
UIP
|
0.8741193 |
details, prediction |
Cappasity
CAPP
|
0.87312484 |
details, prediction |
Factom
FCT
|
0.86152864 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cindicator 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 Cindicator
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.5532563 |
details, prediction |
ZCash
ZEC
|
-0.4061059 |
details, prediction |
TRON
TRX
|
-0.36695278 |
details, prediction |
Waves
WAVES
|
-0.327191 |
details, prediction |
Ethereum Classic
ETC
|
-0.15575111 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.5302651 |
details, prediction |
Zilliqa
ZIL
|
-0.42756966 |
details, prediction |
GXShares
GXS
|
-0.4073194 |
details, prediction |
EthLend
LEND
|
-0.36593363 |
details, prediction |
FunFair
FUN
|
-0.3295713 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.8455798 |
details, prediction |
Crypviser
CVCOIN
|
-0.75798965 |
details, prediction |
Haven Protocol
XHV
|
-0.742982 |
details, prediction |
DOVU
DOVU
|
-0.7049097 |
details, prediction |
CloakCoin
CLOAK
|
-0.6565043 |
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)