Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.5849825 |
details, prediction |
KuCoin Shares
KCS
|
0.5523913 |
details, prediction |
Bitcoin SV
BSV
|
0.5293238 |
details, prediction |
Bitcoin Cash
BCH
|
0.43651906 |
details, prediction |
XRP
XRP
|
0.42096904 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.67029065 |
details, prediction |
Telcoin
TEL
|
0.65903413 |
details, prediction |
BORA
BORA
|
0.4551005 |
details, prediction |
DASH
DASH
|
0.4447057 |
details, prediction |
Status
SNT
|
0.36837655 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.7958277 |
details, prediction |
Peerplays
PPY
|
0.7749482 |
details, prediction |
ThoreCoin
THR
|
0.7493045 |
details, prediction |
Ripio
RCN
|
0.7116376 |
details, prediction |
Dether
DTH
|
0.7066422 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Encrypgen 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 Encrypgen
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.60104096 |
details, prediction |
Vechain
VET
|
-0.59741545 |
details, prediction |
SONM
SNM
|
-0.5879453 |
details, prediction |
Cardano
ADA
|
-0.54701686 |
details, prediction |
Fantom
FTM
|
-0.54340076 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.67266506 |
details, prediction |
Loopring
LRC
|
-0.63742924 |
details, prediction |
SwissBorg
CHSB
|
-0.6243702 |
details, prediction |
Horizen
ZEN
|
-0.60552055 |
details, prediction |
Internet of Services
IOST
|
-0.59908694 |
details, prediction |
Third tier
|
Linkey
LKY
|
-0.81078553 |
details, prediction |
Leverj
LEV
|
-0.6942153 |
details, prediction |
Quantstamp
QSP
|
-0.6519384 |
details, prediction |
Egretia
EGT
|
-0.64958566 |
details, prediction |
Bancor
BNT
|
-0.63867044 |
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)