Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.94673455 |
details, prediction |
KuCoin Shares
KCS
|
0.94199365 |
details, prediction |
SONM
SNM
|
0.93255883 |
details, prediction |
Cardano
ADA
|
0.9214572 |
details, prediction |
NEO
NEO
|
0.9185894 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.9455914 |
details, prediction |
FirstBlood
1ST
|
0.942683 |
details, prediction |
QTUM
QTUM
|
0.94176537 |
details, prediction |
Huobi Token
HT
|
0.9392231 |
details, prediction |
NEM
XEM
|
0.9391779 |
details, prediction |
Third tier
|
HalalChain
HLC
|
0.9614018 |
details, prediction |
Egretia
EGT
|
0.9612483 |
details, prediction |
ugChain
UGC
|
0.957545 |
details, prediction |
Asch
XAS
|
0.955319 |
details, prediction |
Game
GTC
|
0.9540723 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that eMark 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 eMark
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.6323781 |
details, prediction |
Dogecoin
DOGE
|
-0.55876356 |
details, prediction |
Vechain
VET
|
-0.16967483 |
details, prediction |
XRP
XRP
|
0.19603254 |
details, prediction |
Maker
MKR
|
0.43778685 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.6483274 |
details, prediction |
True USD
TUSD
|
-0.5076357 |
details, prediction |
Dai
DAI
|
-0.48309284 |
details, prediction |
Quant Network
QNT
|
-0.38736844 |
details, prediction |
Nano
NANO
|
-0.058265954 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.88924664 |
details, prediction |
BHPCash
BHPC
|
-0.6454348 |
details, prediction |
Adshares
ADST
|
-0.59475285 |
details, prediction |
PolySwarm
NCT
|
-0.5565653 |
details, prediction |
BitConnect
BCC
|
-0.5428335 |
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)