Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7284099 |
details, prediction |
Bitcoin
BTC
|
0.7249881 |
details, prediction |
Monero
XMR
|
0.71060795 |
details, prediction |
Ethereum
ETH
|
0.62996095 |
details, prediction |
Ethereum Classic
ETC
|
0.6220546 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.73805803 |
details, prediction |
Nano
NANO
|
0.7282636 |
details, prediction |
Bitcoin Gold
BTG
|
0.7081173 |
details, prediction |
MonaCoin
MONA
|
0.6773099 |
details, prediction |
Digix DAO
DGD
|
0.672978 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.8616837 |
details, prediction |
Credit Tag Chain
CTC
|
0.82162255 |
details, prediction |
VestChain
VEST
|
0.79459506 |
details, prediction |
Spectre
XSPEC
|
0.7877684 |
details, prediction |
MyriadCoin
XMY
|
0.7582465 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Energi Token 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 Energi Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.43546376 |
details, prediction |
KuCoin Shares
KCS
|
0.24481322 |
details, prediction |
Stellar
XLM
|
0.25090867 |
details, prediction |
XRP
XRP
|
0.2539766 |
details, prediction |
Fantom
FTM
|
0.30790257 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.5690947 |
details, prediction |
BitTorrent
BTT
|
-0.33464265 |
details, prediction |
Waves
WAVES
|
-0.33210197 |
details, prediction |
Bitcoin SV
BSV
|
-0.26252028 |
details, prediction |
Theta
THETA
|
-0.25728124 |
details, prediction |
|
Third tier
|
Linkey
LKY
|
-0.72969276 |
details, prediction |
Prizm
PZM
|
-0.61899537 |
details, prediction |
Eidoo
EDO
|
-0.59830713 |
details, prediction |
OneRoot Network
RNT
|
-0.5922997 |
details, prediction |
Neumarks
NEU
|
-0.58769095 |
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)