Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.38248894 |
details, prediction |
Monero
XMR
|
0.13267249 |
details, prediction |
NEO
NEO
|
0.06002436 |
details, prediction |
Ethereum Classic
ETC
|
-0.007873782 |
details, prediction |
Bitcoin
BTC
|
-0.012366365 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.8360806 |
details, prediction |
SwissBorg
CHSB
|
0.74226356 |
details, prediction |
Nano
NANO
|
0.5042756 |
details, prediction |
Nexo
NEXO
|
0.46360102 |
details, prediction |
Dent
DENT
|
0.45014137 |
details, prediction |
Third tier
|
Chainium
CHX
|
0.9516323 |
details, prediction |
DAOstack
GEN
|
0.9404842 |
details, prediction |
Bitcoin Private
BTCP
|
0.9203816 |
details, prediction |
Litecoin Cash
LCC
|
0.8743722 |
details, prediction |
BitDice
CSNO
|
0.8480787 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CrowdCoin 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 CrowdCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.6382969 |
details, prediction |
Binance Coin
BNB
|
-0.6293837 |
details, prediction |
TRON
TRX
|
-0.5559124 |
details, prediction |
EOS
EOS
|
-0.55165905 |
details, prediction |
IOTA
IOT
|
-0.48872277 |
details, prediction |
Second tier
|
Ontology
ONT
|
-0.7612235 |
details, prediction |
Huobi Token
HT
|
-0.7500471 |
details, prediction |
Decred
DCR
|
-0.6893988 |
details, prediction |
0x
ZRX
|
-0.6891187 |
details, prediction |
Zilliqa
ZIL
|
-0.6884298 |
details, prediction |
Third tier
|
Skycoin
SKY
|
-0.86361414 |
details, prediction |
Hydro
HYDRO
|
-0.8313724 |
details, prediction |
Fusion
FSN
|
-0.7623964 |
details, prediction |
Docademic
MTC
|
-0.717446 |
details, prediction |
Pundi X [OLD]
PXS
|
-0.7053417 |
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)