Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.5109251 |
details, prediction |
Waves
WAVES
|
-0.15106267 |
details, prediction |
OmiseGo
OMG
|
-0.15842344 |
details, prediction |
EOS
EOS
|
-0.17012486 |
details, prediction |
Crypto.com Chain
CRO
|
-0.27350825 |
details, prediction |
Second tier
|
DxChain
DX
|
0.8321734 |
details, prediction |
GlitzKoin
GTN
|
0.8147881 |
details, prediction |
Dai
DAI
|
0.37186483 |
details, prediction |
Centrality
CENNZ
|
0.2571262 |
details, prediction |
True USD
TUSD
|
0.19460362 |
details, prediction |
Third tier
|
EchoLink
EKO
|
0.8630229 |
details, prediction |
Change
CAG
|
0.7943234 |
details, prediction |
QunQun
QUN
|
0.78839576 |
details, prediction |
ZrCoin
ZRC
|
0.7834159 |
details, prediction |
Covesting
COV
|
0.777398 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Digitex Futures 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 Digitex Futures
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.7531077 |
details, prediction |
Zilliqa
ZIL
|
-0.7330856 |
details, prediction |
Bitcoin
BTC
|
-0.7303533 |
details, prediction |
Litecoin
LTC
|
-0.72042644 |
details, prediction |
Ethereum
ETH
|
-0.7078151 |
details, prediction |
Second tier
|
MaidSafe Coin
MAID
|
-0.84562325 |
details, prediction |
Synthetix Network Token
SNX
|
-0.72378623 |
details, prediction |
Digix DAO
DGD
|
-0.68977773 |
details, prediction |
Gnosis
GNO
|
-0.6829578 |
details, prediction |
Populous
PPT
|
-0.6650971 |
details, prediction |
Third tier
|
CryptoPing
PING
|
-0.8185044 |
details, prediction |
Xriba
XRA
|
-0.78824323 |
details, prediction |
CPChain
CPC
|
-0.787634 |
details, prediction |
PeerCoin
PPC
|
-0.77504486 |
details, prediction |
LBRY Credits
LBC
|
-0.7587048 |
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)