Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.94541293 |
details, prediction |
Vechain
VET
|
0.93500316 |
details, prediction |
Chiliz
CHZ
|
0.92866665 |
details, prediction |
Cardano
ADA
|
0.9136011 |
details, prediction |
Litecoin
LTC
|
0.9068988 |
details, prediction |
Second tier
|
NEM
XEM
|
0.9334109 |
details, prediction |
Synthetix Network Token
SNX
|
0.93227386 |
details, prediction |
Dent
DENT
|
0.928953 |
details, prediction |
QTUM
QTUM
|
0.9284425 |
details, prediction |
XYO Network
XYO
|
0.92650187 |
details, prediction |
Third tier
|
Project Pai
PAI
|
0.9858849 |
details, prediction |
Time New Bank
TNB
|
0.98288983 |
details, prediction |
Lambda
LAMB
|
0.98207855 |
details, prediction |
Kcash
KCASH
|
0.9796968 |
details, prediction |
Egretia
EGT
|
0.97197235 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CNN 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 CNN token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.63256866 |
details, prediction |
UNUS SED LEO
LEO
|
-0.5070079 |
details, prediction |
Matic Network
MATIC
|
-0.42562047 |
details, prediction |
Cosmos
ATOM
|
-0.011576239 |
details, prediction |
Crypto.com Chain
CRO
|
0.090994775 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.70989066 |
details, prediction |
GXShares
GXS
|
-0.70084727 |
details, prediction |
Cortex
CTXC
|
-0.68901366 |
details, prediction |
True USD
TUSD
|
-0.6476418 |
details, prediction |
Dai
DAI
|
-0.53111553 |
details, prediction |
Third tier
|
GXChain
GXC
|
-0.69309884 |
details, prediction |
Veritaseum
VERI
|
-0.6497382 |
details, prediction |
Measurable Data Token
MDT
|
-0.6062576 |
details, prediction |
Chronobank
TIME
|
-0.5847383 |
details, prediction |
Gemini Dollar
GUSD
|
-0.5741804 |
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)