Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.5947395 |
details, prediction |
Bitcoin
BTC
|
0.5042233 |
details, prediction |
Maker
MKR
|
0.4993635 |
details, prediction |
Bitcoin Cash
BCH
|
0.4962211 |
details, prediction |
Ethereum
ETH
|
0.490625 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.587429 |
details, prediction |
Horizen
ZEN
|
0.5717565 |
details, prediction |
Propy
PRO
|
0.54767513 |
details, prediction |
Ravencoin
RVN
|
0.54413784 |
details, prediction |
0x
ZRX
|
0.53019863 |
details, prediction |
Third tier
|
DACSEE
DACS
|
0.85575217 |
details, prediction |
Credit Tag Chain
CTC
|
0.8246443 |
details, prediction |
Vexanium
VEX
|
0.81182784 |
details, prediction |
ZClassic
ZCL
|
0.76705766 |
details, prediction |
Golos
GOLOS
|
0.7209899 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Centra 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 Centra
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.47478265 |
details, prediction |
Vechain
VET
|
-0.2498003 |
details, prediction |
ChainLink
LINK
|
-0.041861534 |
details, prediction |
XRP
XRP
|
0.059671912 |
details, prediction |
Monero
XMR
|
0.13103211 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.40618157 |
details, prediction |
Dai
DAI
|
-0.36000225 |
details, prediction |
Nano
NANO
|
-0.3340172 |
details, prediction |
Quant Network
QNT
|
-0.2999718 |
details, prediction |
Telcoin
TEL
|
-0.26680842 |
details, prediction |
Third tier
|
BHPCash
BHPC
|
-0.69074756 |
details, prediction |
NIX
NIX
|
-0.68244684 |
details, prediction |
Vitae
VITAE
|
-0.60673773 |
details, prediction |
Asia Coin
AC
|
-0.5413757 |
details, prediction |
Bittwatt
BWT
|
-0.51423484 |
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)