Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.7000474 |
details, prediction |
Chiliz
CHZ
|
0.28609097 |
details, prediction |
Theta
THETA
|
0.26702142 |
details, prediction |
Cosmos
ATOM
|
0.26516646 |
details, prediction |
Dogecoin
DOGE
|
0.24791287 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.8715052 |
details, prediction |
NEM
XEM
|
0.81281286 |
details, prediction |
Steem
STEEM
|
0.8007674 |
details, prediction |
Enjin Coin
ENJ
|
0.68087417 |
details, prediction |
Telcoin
TEL
|
0.56849384 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
0.9022652 |
details, prediction |
Dero
DERO
|
0.7198708 |
details, prediction |
Aeternity
AE
|
0.3960577 |
details, prediction |
Nuls
NULS
|
0.14098033 |
details, prediction |
Komodo
KMD
|
0.0766094 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Classic 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 Classic
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
-0.5644544 |
details, prediction |
USD//Coin
USDC
|
-0.52937865 |
details, prediction |
EOS
EOS
|
-0.49555287 |
details, prediction |
Bitcoin SV
BSV
|
-0.4767099 |
details, prediction |
TRON
TRX
|
-0.40633819 |
details, prediction |
Second tier
|
Aragon
ANT
|
-0.7169461 |
details, prediction |
Decred
DCR
|
-0.6874957 |
details, prediction |
QTUM
QTUM
|
-0.6682557 |
details, prediction |
IoTeX
IOTX
|
-0.6008333 |
details, prediction |
OmiseGo
OMG
|
-0.6005813 |
details, prediction |
Third tier
|
QLINK
QLC
|
-0.6989783 |
details, prediction |
Nucleus Vision
NCASH
|
-0.674302 |
details, prediction |
Metal
MTL
|
-0.6509353 |
details, prediction |
V Systems
VSYS
|
-0.47011203 |
details, prediction |
Time New Bank
TNB
|
-0.45396036 |
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)