Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.34839657 |
details, prediction |
Fantom
FTM
|
0.3470116 |
details, prediction |
Theta
THETA
|
0.34215787 |
details, prediction |
Crypto.com Chain
CRO
|
0.3320021 |
details, prediction |
NEO
NEO
|
0.32129273 |
details, prediction |
Second tier
|
Gas
GAS
|
0.4151154 |
details, prediction |
Decentraland
MANA
|
0.37358412 |
details, prediction |
Theta Fuel
TFUEL
|
0.35275316 |
details, prediction |
Huobi Token
HT
|
0.33712694 |
details, prediction |
Verge
XVG
|
0.32815826 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
0.72462875 |
details, prediction |
Kambria
KAT
|
0.71604794 |
details, prediction |
Achain
ACT
|
0.64364165 |
details, prediction |
Bluzelle
BLZ
|
0.6148098 |
details, prediction |
Streamr DATAcoin
DATA
|
0.6053008 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Delphy 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 Delphy
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.22189811 |
details, prediction |
TRON
TRX
|
-0.035511874 |
details, prediction |
USD//Coin
USDC
|
-0.029985042 |
details, prediction |
Ethereum Classic
ETC
|
-0.0010751808 |
details, prediction |
Chiliz
CHZ
|
0.0149279935 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.33787405 |
details, prediction |
EthLend
LEND
|
-0.3368635 |
details, prediction |
HedgeTrade
HEDG
|
-0.3023526 |
details, prediction |
ZCash
ZEC
|
-0.24775152 |
details, prediction |
Steem
STEEM
|
-0.21466269 |
details, prediction |
Third tier
|
GlitzKoin
GTN
|
-0.44721484 |
details, prediction |
Red Pulse Phoenix
PHX
|
-0.3691357 |
details, prediction |
Neumarks
NEU
|
-0.35207817 |
details, prediction |
Santiment
SAN
|
-0.3035965 |
details, prediction |
Seele
SEELE
|
-0.27722767 |
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)