Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.93771535 |
details, prediction |
UNUS SED LEO
LEO
|
0.919668 |
details, prediction |
SONM
SNM
|
0.91634446 |
details, prediction |
EOS
EOS
|
0.9154778 |
details, prediction |
IOTA
IOT
|
0.8883249 |
details, prediction |
Second tier
|
Verge
XVG
|
0.96874356 |
details, prediction |
Waves
WAVES
|
0.966564 |
details, prediction |
Theta Fuel
TFUEL
|
0.95883757 |
details, prediction |
SysCoin
SYS
|
0.9515893 |
details, prediction |
Enjin Coin
ENJ
|
0.9469639 |
details, prediction |
Third tier
|
StealthCoin
XST
|
0.9726401 |
details, prediction |
Waves Community Token
WCT
|
0.9654005 |
details, prediction |
AidCoin
AID
|
0.96457934 |
details, prediction |
Factom
FCT
|
0.96334654 |
details, prediction |
ArcBlock
ABT
|
0.95944595 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CapriCoin 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 CapriCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.6055498 |
details, prediction |
Bitcoin
BTC
|
-0.5641387 |
details, prediction |
ChainLink
LINK
|
-0.5569531 |
details, prediction |
USD//Coin
USDC
|
-0.08213829 |
details, prediction |
Fantom
FTM
|
0.2213157 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.8993559 |
details, prediction |
Republic protocol
REN
|
-0.8406636 |
details, prediction |
FirstBlood
1ST
|
-0.754285 |
details, prediction |
Quant Network
QNT
|
-0.6824768 |
details, prediction |
Aragon
ANT
|
-0.340696 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.91029763 |
details, prediction |
Tidex Token
TDX
|
-0.88622427 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.85911936 |
details, prediction |
Digix Gold Token
DGX
|
-0.8584401 |
details, prediction |
Yggdrash
YEED
|
-0.84084535 |
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)