Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.8250726 |
details, prediction |
UNUS SED LEO
LEO
|
0.8157766 |
details, prediction |
Litecoin
LTC
|
0.79306585 |
details, prediction |
Maker
MKR
|
0.7929745 |
details, prediction |
IOTA
IOT
|
0.7884467 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.84415257 |
details, prediction |
Stox
STX
|
0.83951163 |
details, prediction |
Basic Attention Token
BAT
|
0.8299104 |
details, prediction |
Horizen
ZEN
|
0.80485386 |
details, prediction |
FTX Token
FTT
|
0.7996786 |
details, prediction |
Third tier
|
Newton
NEW
|
0.8173454 |
details, prediction |
Populous
PPT
|
0.8058435 |
details, prediction |
Lympo
LYM
|
0.8050105 |
details, prediction |
Beam
BEAM
|
0.7954003 |
details, prediction |
Bancor
BNT
|
0.79052943 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Endor 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 Endor
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.616366 |
details, prediction |
USD//Coin
USDC
|
-0.51377434 |
details, prediction |
Monero
XMR
|
0.34268838 |
details, prediction |
KuCoin Shares
KCS
|
0.5374562 |
details, prediction |
Dogecoin
DOGE
|
0.60535234 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.48470467 |
details, prediction |
True USD
TUSD
|
-0.46196336 |
details, prediction |
Paxos Standard
PAX
|
-0.27259544 |
details, prediction |
EthLend
LEND
|
-0.27034202 |
details, prediction |
GXShares
GXS
|
-0.19535173 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.71198255 |
details, prediction |
Envion
EVN
|
-0.56138766 |
details, prediction |
ILCoin
ILC
|
-0.55571675 |
details, prediction |
FeatherCoin
FTC
|
-0.53925 |
details, prediction |
Tidex Token
TDX
|
-0.48417392 |
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)