Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.95146227 |
details, prediction |
Ethereum Classic
ETC
|
0.9451806 |
details, prediction |
IOTA
IOT
|
0.91451323 |
details, prediction |
ZCash
ZEC
|
0.8925151 |
details, prediction |
XRP
XRP
|
0.88075423 |
details, prediction |
Second tier
|
QTUM
QTUM
|
0.94816285 |
details, prediction |
Bitcoin Gold
BTG
|
0.8872376 |
details, prediction |
Status
SNT
|
0.8871502 |
details, prediction |
Basic Attention Token
BAT
|
0.8628885 |
details, prediction |
Lisk
LSK
|
0.8609294 |
details, prediction |
Third tier
|
Blockport
BPT
|
0.8705726 |
details, prediction |
0chain
ZCN
|
0.828221 |
details, prediction |
Remme
REM
|
0.81635404 |
details, prediction |
Matic Network
MATIC
|
0.80855256 |
details, prediction |
SyncFab
MFG
|
0.80853546 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EOS 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 EOS
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.42307255 |
details, prediction |
Huobi Token
HT
|
-0.026819928 |
details, prediction |
Theta
THETA
|
0.021229718 |
details, prediction |
Dogecoin
DOGE
|
0.29085872 |
details, prediction |
Binance Coin
BNB
|
0.31374574 |
details, prediction |
Second tier
|
Centrality
CENNZ
|
-0.45518717 |
details, prediction |
CyberVein
CVT
|
-0.4023473 |
details, prediction |
HedgeTrade
HEDG
|
-0.31217957 |
details, prediction |
KuCoin Shares
KCS
|
-0.22378081 |
details, prediction |
GlitzKoin
GTN
|
-0.097612046 |
details, prediction |
Third tier
|
ODEM
ODEM
|
-0.819736 |
details, prediction |
FlorinCoin
FLO
|
-0.56110513 |
details, prediction |
Libra Credit
LBA
|
-0.54902303 |
details, prediction |
Kcash
KCASH
|
-0.5306296 |
details, prediction |
PolySwarm
NCT
|
-0.52742743 |
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)