Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.7486731 |
details, prediction |
Ethereum
ETH
|
0.74806 |
details, prediction |
FTX Token
FTT
|
0.7454817 |
details, prediction |
Binance Coin
BNB
|
0.7418047 |
details, prediction |
Litecoin
LTC
|
0.7397015 |
details, prediction |
Second tier
|
Loom Network
LOOM
|
0.81440043 |
details, prediction |
Digix DAO
DGD
|
0.79471904 |
details, prediction |
SwissBorg
CHSB
|
0.7942882 |
details, prediction |
Status
SNT
|
0.78038394 |
details, prediction |
Constellation
DAG
|
0.76933306 |
details, prediction |
Third tier
|
Neumarks
NEU
|
0.8989118 |
details, prediction |
Morpheus Labs
MITX
|
0.83444536 |
details, prediction |
HTML Coin
HTML5
|
0.82894963 |
details, prediction |
Groestlcoin
GRS
|
0.8232336 |
details, prediction |
AirSwap
AST
|
0.8218827 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that DOVU 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 DOVU
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.50349873 |
details, prediction |
UNUS SED LEO
LEO
|
0.57572603 |
details, prediction |
Monero
XMR
|
0.60349214 |
details, prediction |
KuCoin Shares
KCS
|
0.6110326 |
details, prediction |
Bitcoin SV
BSV
|
0.6268131 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.26503533 |
details, prediction |
GXShares
GXS
|
-0.254586 |
details, prediction |
USD//Coin
USDC
|
-0.18283299 |
details, prediction |
Dai
DAI
|
-0.1482703 |
details, prediction |
EthLend
LEND
|
-0.14288163 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.7329508 |
details, prediction |
ILCoin
ILC
|
-0.58213305 |
details, prediction |
Time New Bank
TNB
|
-0.5714994 |
details, prediction |
Seele
SEELE
|
-0.5317414 |
details, prediction |
GlitzKoin
GTN
|
-0.51715624 |
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)