Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.46701786 |
details, prediction |
Binance Coin
BNB
|
0.42999658 |
details, prediction |
SONM
SNM
|
0.38792506 |
details, prediction |
Dogecoin
DOGE
|
0.3864957 |
details, prediction |
Ethereum
ETH
|
0.36856413 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.8289471 |
details, prediction |
Paxos Standard
PAX
|
0.6116017 |
details, prediction |
SwissBorg
CHSB
|
0.5482891 |
details, prediction |
Loom Network
LOOM
|
0.52733123 |
details, prediction |
Status
SNT
|
0.47984552 |
details, prediction |
Third tier
|
Global Social Chain
GSC
|
0.7971433 |
details, prediction |
Abyss
ABYSS
|
0.6952148 |
details, prediction |
Neumarks
NEU
|
0.6829633 |
details, prediction |
Stratis
STRAT
|
0.6619901 |
details, prediction |
Presearch
PRE
|
0.65747654 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Etheroll 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 Etheroll
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.091134734 |
details, prediction |
ChainLink
LINK
|
0.20360251 |
details, prediction |
Bitcoin SV
BSV
|
0.21187115 |
details, prediction |
Theta
THETA
|
0.21619645 |
details, prediction |
TRON
TRX
|
0.22910295 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.15001711 |
details, prediction |
Quant Network
QNT
|
-0.07709602 |
details, prediction |
MonaCoin
MONA
|
-0.04654371 |
details, prediction |
Metadium
META
|
-0.011188476 |
details, prediction |
BitTorrent
BTT
|
0.029546734 |
details, prediction |
Third tier
|
Platincoin
PLC
|
-0.53399634 |
details, prediction |
Gemini Dollar
GUSD
|
-0.5123024 |
details, prediction |
Seele
SEELE
|
-0.5052894 |
details, prediction |
AventCoin
AVT
|
-0.40592384 |
details, prediction |
Revain
R
|
-0.3593072 |
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)