Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.7580733 |
details, prediction |
Bitcoin
BTC
|
0.65354943 |
details, prediction |
UNUS SED LEO
LEO
|
0.5364838 |
details, prediction |
Dogecoin
DOGE
|
0.47635272 |
details, prediction |
KuCoin Shares
KCS
|
0.41719857 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.7743705 |
details, prediction |
QTUM
QTUM
|
0.48401833 |
details, prediction |
Huobi Token
HT
|
0.46166143 |
details, prediction |
Decred
DCR
|
0.42513064 |
details, prediction |
AMO Coin
AMO
|
0.4250808 |
details, prediction |
|
Third tier
|
Darico
DEC
|
0.90575016 |
details, prediction |
Decent.bet
DBET
|
0.89543444 |
details, prediction |
CounterParty
XCP
|
0.86305916 |
details, prediction |
RealTract
RET
|
0.8585787 |
details, prediction |
Circuits of Value
COVAL
|
0.8412066 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Devery 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 Devery
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5435426 |
details, prediction |
SONM
SNM
|
-0.53643215 |
details, prediction |
Matic Network
MATIC
|
-0.5102498 |
details, prediction |
Cardano
ADA
|
-0.38619837 |
details, prediction |
XRP
XRP
|
-0.3359115 |
details, prediction |
|
Second tier
|
Nano
NANO
|
-0.60985196 |
details, prediction |
Telcoin
TEL
|
-0.60294086 |
details, prediction |
Theta Fuel
TFUEL
|
-0.5484914 |
details, prediction |
Digix DAO
DGD
|
-0.5474066 |
details, prediction |
Request Network
REQ
|
-0.52325714 |
details, prediction |
|
Third tier
|
Diamond
DMD
|
-0.77185345 |
details, prediction |
SolarCoin
SLR
|
-0.71122485 |
details, prediction |
NovaCoin
NVC
|
-0.65327 |
details, prediction |
ZClassic
ZCL
|
-0.6475677 |
details, prediction |
NoahCoin
NOAH
|
-0.64139867 |
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)