Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.46476147 |
details, prediction |
Bitcoin Cash
BCH
|
0.34330794 |
details, prediction |
KuCoin Shares
KCS
|
0.3306257 |
details, prediction |
Binance Coin
BNB
|
0.29450864 |
details, prediction |
ZCash
ZEC
|
0.2393909 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.74697196 |
details, prediction |
True USD
TUSD
|
0.51606804 |
details, prediction |
Ardor
ARDR
|
0.4951119 |
details, prediction |
Waves
WAVES
|
0.43674922 |
details, prediction |
Status
SNT
|
0.42970756 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.671946 |
details, prediction |
Gas
GAS
|
0.622219 |
details, prediction |
Dero
DERO
|
0.6172601 |
details, prediction |
Elastos
ELA
|
0.58936334 |
details, prediction |
BOScoin
BOS
|
0.56838304 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Constellation 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 Constellation
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.62245256 |
details, prediction |
TRON
TRX
|
-0.06639997 |
details, prediction |
Ethereum
ETH
|
-0.05044593 |
details, prediction |
ChainLink
LINK
|
-0.0059036342 |
details, prediction |
Stellar
XLM
|
-0.004543272 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5075961 |
details, prediction |
Nexo
NEXO
|
-0.5030598 |
details, prediction |
HoloToken
HOT
|
-0.10135934 |
details, prediction |
Vechain
VET
|
-0.06061962 |
details, prediction |
Chiliz
CHZ
|
-0.06033179 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.8983453 |
details, prediction |
Dent
DENT
|
-0.7821082 |
details, prediction |
Propy
PRO
|
-0.6469314 |
details, prediction |
FunFair
FUN
|
-0.458471 |
details, prediction |
BABB
BAX
|
-0.38898012 |
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)