Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.62158346 |
details, prediction |
NEO
NEO
|
0.59695506 |
details, prediction |
Monero
XMR
|
0.54460615 |
details, prediction |
Bitcoin
BTC
|
0.5079139 |
details, prediction |
ChainLink
LINK
|
0.47782084 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.7322686 |
details, prediction |
Nano
NANO
|
0.7106998 |
details, prediction |
SwissBorg
CHSB
|
0.7048772 |
details, prediction |
Metal
MTL
|
0.6898445 |
details, prediction |
Lisk
LSK
|
0.6318435 |
details, prediction |
Third tier
|
Chainium
CHX
|
0.86531925 |
details, prediction |
Pura
PURA
|
0.7847064 |
details, prediction |
Uquid Coin
UQC
|
0.77665216 |
details, prediction |
Phantasma
SOUL
|
0.7759332 |
details, prediction |
FeatherCoin
FTC
|
0.76795775 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Colossuscoin V2 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 Colossuscoin V2
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.4671624 |
details, prediction |
Theta
THETA
|
-0.40452757 |
details, prediction |
TRON
TRX
|
-0.13104598 |
details, prediction |
SONM
SNM
|
-0.099442124 |
details, prediction |
Bitcoin Cash
BCH
|
0.015292244 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.6483086 |
details, prediction |
Decred
DCR
|
-0.5139074 |
details, prediction |
Ontology
ONT
|
-0.40337822 |
details, prediction |
Zilliqa
ZIL
|
-0.36079028 |
details, prediction |
0x
ZRX
|
-0.2895054 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.72085404 |
details, prediction |
WeAreSatoshi
WSX
|
-0.6127881 |
details, prediction |
Bibox Token
BIX
|
-0.60371715 |
details, prediction |
Lympo
LYM
|
-0.58418703 |
details, prediction |
Nework
NKC
|
-0.5643718 |
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)