Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.9600704 |
details, prediction |
Cardano
ADA
|
0.9527223 |
details, prediction |
Maker
MKR
|
0.9353395 |
details, prediction |
Monero
XMR
|
0.93520725 |
details, prediction |
NEO
NEO
|
0.9294043 |
details, prediction |
Second tier
|
Verge
XVG
|
0.97077984 |
details, prediction |
Nano
NANO
|
0.9624503 |
details, prediction |
Bitcoin Gold
BTG
|
0.95704114 |
details, prediction |
EthLend
LEND
|
0.9538228 |
details, prediction |
Digix DAO
DGD
|
0.95013285 |
details, prediction |
Third tier
|
MyriadCoin
XMY
|
0.96841484 |
details, prediction |
Ionomy
ION
|
0.9667201 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.966704 |
details, prediction |
Chainium
CHX
|
0.96438515 |
details, prediction |
DopeCoin
DOPE
|
0.9611981 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Cash 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 Ethereum Cash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.032671023 |
details, prediction |
Theta
THETA
|
0.44863462 |
details, prediction |
Tezos
XTZ
|
0.47227478 |
details, prediction |
Ethereum Classic
ETC
|
0.74367493 |
details, prediction |
SONM
SNM
|
0.8317948 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.057499807 |
details, prediction |
Dai
DAI
|
0.0028469868 |
details, prediction |
True USD
TUSD
|
0.21788213 |
details, prediction |
Decred
DCR
|
0.5141992 |
details, prediction |
DigiByte
DGB
|
0.5205413 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.775547 |
details, prediction |
WeAreSatoshi
WSX
|
-0.7580641 |
details, prediction |
Bitcedi
BXC
|
-0.74321574 |
details, prediction |
ODEM
ODEM
|
-0.5960818 |
details, prediction |
Ternio
TERN
|
-0.5529547 |
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)