Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.79818314 |
details, prediction |
Bitcoin Cash
BCH
|
0.43792886 |
details, prediction |
Litecoin
LTC
|
0.29083854 |
details, prediction |
Ethereum Classic
ETC
|
0.25775164 |
details, prediction |
Bitcoin SV
BSV
|
0.24857731 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.69750535 |
details, prediction |
DASH
DASH
|
0.48279685 |
details, prediction |
BORA
BORA
|
0.46759608 |
details, prediction |
Telcoin
TEL
|
0.4322926 |
details, prediction |
True USD
TUSD
|
0.38163912 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.8734351 |
details, prediction |
Synereo
AMP
|
0.8592619 |
details, prediction |
Blockport
BPT
|
0.8066735 |
details, prediction |
Linker Coin
LNC
|
0.7805154 |
details, prediction |
Seele
SEELE
|
0.7345175 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cosmo Coin 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 Cosmo Coin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.84216684 |
details, prediction |
Cosmos
ATOM
|
-0.79047287 |
details, prediction |
Vechain
VET
|
-0.7863629 |
details, prediction |
Fantom
FTM
|
-0.728701 |
details, prediction |
Dogecoin
DOGE
|
-0.71742564 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.8204205 |
details, prediction |
Request Network
REQ
|
-0.7938233 |
details, prediction |
EthLend
LEND
|
-0.788246 |
details, prediction |
iEx.ec
RLC
|
-0.7842398 |
details, prediction |
AMO Coin
AMO
|
-0.75802 |
details, prediction |
Third tier
|
FNKOS
FNKOS
|
-0.9614537 |
details, prediction |
Switcheo Network
SWH
|
-0.86222017 |
details, prediction |
Kleros
PNK
|
-0.82188857 |
details, prediction |
Dero
DERO
|
-0.79789054 |
details, prediction |
CEEK
CEEK
|
-0.793056 |
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)