Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.979093 |
details, prediction |
Vechain
VET
|
0.84379363 |
details, prediction |
Ethereum Classic
ETC
|
0.77311856 |
details, prediction |
IOTA
IOT
|
0.7590446 |
details, prediction |
NEO
NEO
|
0.7582161 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.806468 |
details, prediction |
Gas
GAS
|
0.7897315 |
details, prediction |
DigiByte
DGB
|
0.7777392 |
details, prediction |
Nano
NANO
|
0.7687537 |
details, prediction |
Ontology
ONT
|
0.7422424 |
details, prediction |
Third tier
|
Molecule
MOL
|
0.9870716 |
details, prediction |
SIX
SIX
|
0.97746223 |
details, prediction |
Yggdrash
YEED
|
0.97656167 |
details, prediction |
BOX Token
BOX
|
0.9301265 |
details, prediction |
PotCoin
POT
|
0.8827917 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CyberFM 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 CyberFM
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.35436562 |
details, prediction |
ChainLink
LINK
|
-0.34681013 |
details, prediction |
USD//Coin
USDC
|
-0.3314874 |
details, prediction |
Maker
MKR
|
-0.09601821 |
details, prediction |
Stellar
XLM
|
0.2063726 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.6269279 |
details, prediction |
Nexo
NEXO
|
-0.5175166 |
details, prediction |
Quant Network
QNT
|
-0.45565578 |
details, prediction |
XYO Network
XYO
|
-0.3990508 |
details, prediction |
True USD
TUSD
|
-0.34307894 |
details, prediction |
Third tier
|
Darico
DEC
|
-0.75445664 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6930194 |
details, prediction |
Chainium
CHX
|
-0.685933 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.616178 |
details, prediction |
Nasdacoin
NSD
|
-0.5920976 |
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)