Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.42506427 |
details, prediction |
Binance Coin
BNB
|
0.39382648 |
details, prediction |
Litecoin
LTC
|
0.37758628 |
details, prediction |
Ethereum
ETH
|
0.35893467 |
details, prediction |
Bitcoin Cash
BCH
|
0.35245502 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.4362626 |
details, prediction |
Loom Network
LOOM
|
0.40655854 |
details, prediction |
Status
SNT
|
0.40013278 |
details, prediction |
Gas
GAS
|
0.3939314 |
details, prediction |
Decred
DCR
|
0.3698449 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.74079496 |
details, prediction |
CoinDash
CDT
|
0.64992166 |
details, prediction |
Linker Coin
LNC
|
0.57134515 |
details, prediction |
Global Social Chain
GSC
|
0.4970761 |
details, prediction |
ArcBlock
ABT
|
0.4517393 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Everex 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 Everex
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.21481186 |
details, prediction |
USD//Coin
USDC
|
-0.05597343 |
details, prediction |
UNUS SED LEO
LEO
|
0.23447205 |
details, prediction |
Monero
XMR
|
0.24725007 |
details, prediction |
Maker
MKR
|
0.2598507 |
details, prediction |
Second tier
|
GXShares
GXS
|
-0.20216565 |
details, prediction |
BitTorrent
BTT
|
-0.13042596 |
details, prediction |
True USD
TUSD
|
-0.09364899 |
details, prediction |
Dai
DAI
|
-0.047758166 |
details, prediction |
Paxos Standard
PAX
|
-0.029284403 |
details, prediction |
Third tier
|
Blue Whale
BWX
|
-0.50474745 |
details, prediction |
ShortyCoin
SHORTY
|
-0.38670996 |
details, prediction |
ILCoin
ILC
|
-0.31925553 |
details, prediction |
Tidex Token
TDX
|
-0.3109528 |
details, prediction |
Tierion
TNT
|
-0.28859365 |
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)