Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.9632506 |
details, prediction |
Crypto.com Chain
CRO
|
0.9583785 |
details, prediction |
IOTA
IOT
|
0.9523125 |
details, prediction |
Tezos
XTZ
|
0.9465742 |
details, prediction |
ChainLink
LINK
|
0.9462326 |
details, prediction |
Second tier
|
Power Ledger
POWR
|
0.9608657 |
details, prediction |
Theta Fuel
TFUEL
|
0.9600674 |
details, prediction |
Aragon
ANT
|
0.9531504 |
details, prediction |
XYO Network
XYO
|
0.94629115 |
details, prediction |
Enjin Coin
ENJ
|
0.9453028 |
details, prediction |
Third tier
|
Lambda
LAMB
|
0.9733585 |
details, prediction |
WAX
WAX
|
0.9563718 |
details, prediction |
Walton
WTC
|
0.9549656 |
details, prediction |
V Systems
VSYS
|
0.9533119 |
details, prediction |
Libra Credit
LBA
|
0.95193046 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Egretia 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 Egretia
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.52540725 |
details, prediction |
Monero
XMR
|
0.17595239 |
details, prediction |
ZCash
ZEC
|
0.4917006 |
details, prediction |
Waves
WAVES
|
0.49285012 |
details, prediction |
Ethereum Classic
ETC
|
0.610723 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.89131594 |
details, prediction |
USD//Coin
USDC
|
-0.87870586 |
details, prediction |
Paxos Standard
PAX
|
-0.7526175 |
details, prediction |
True USD
TUSD
|
-0.74656093 |
details, prediction |
EthLend
LEND
|
-0.5472954 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.87084496 |
details, prediction |
FeatherCoin
FTC
|
-0.8543011 |
details, prediction |
ILCoin
ILC
|
-0.80874234 |
details, prediction |
SunContract
SNC
|
-0.7857953 |
details, prediction |
Crypviser
CVCOIN
|
-0.76853985 |
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)