Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.12348591 |
details, prediction |
Litecoin
LTC
|
0.10674485 |
details, prediction |
EOS
EOS
|
0.104094766 |
details, prediction |
SONM
SNM
|
0.10005482 |
details, prediction |
XRP
XRP
|
0.084340595 |
details, prediction |
Second tier
|
Metadium
META
|
0.47238493 |
details, prediction |
SwissBorg
CHSB
|
0.24194641 |
details, prediction |
Synthetix Network Token
SNX
|
0.21219215 |
details, prediction |
Quant Network
QNT
|
0.14312537 |
details, prediction |
Nexo
NEXO
|
0.1357367 |
details, prediction |
Third tier
|
DubaiCoin
DBIX
|
0.8659589 |
details, prediction |
SyncFab
MFG
|
0.7169069 |
details, prediction |
Grid+
GRID
|
0.700659 |
details, prediction |
Dether
DTH
|
0.61103904 |
details, prediction |
Modum
MOD
|
0.59294724 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Dropil 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 Dropil
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.11439089 |
details, prediction |
Cardano
ADA
|
-0.09048493 |
details, prediction |
Stellar
XLM
|
-0.08976472 |
details, prediction |
Tezos
XTZ
|
-0.05977925 |
details, prediction |
ChainLink
LINK
|
-0.056245442 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.1971013 |
details, prediction |
Telcoin
TEL
|
-0.195482 |
details, prediction |
DigiByte
DGB
|
-0.1573817 |
details, prediction |
OriginTrail
TRAC
|
-0.14402455 |
details, prediction |
FirstBlood
1ST
|
-0.1242688 |
details, prediction |
Third tier
|
WeShow Token
WET
|
-0.625786 |
details, prediction |
Omnitude
ECOM
|
-0.45677787 |
details, prediction |
Zilbercoin
ZBC
|
-0.42607206 |
details, prediction |
Neumarks
NEU
|
-0.4139209 |
details, prediction |
ShortyCoin
SHORTY
|
-0.3559927 |
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)