Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.86117184 |
details, prediction |
KuCoin Shares
KCS
|
0.7810667 |
details, prediction |
Ethereum
ETH
|
0.7764978 |
details, prediction |
Cardano
ADA
|
0.7492152 |
details, prediction |
NEO
NEO
|
0.7232155 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.84577173 |
details, prediction |
Huobi Token
HT
|
0.80849504 |
details, prediction |
OmiseGo
OMG
|
0.80372185 |
details, prediction |
Aragon
ANT
|
0.78951794 |
details, prediction |
aelf
ELF
|
0.73261464 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.87804043 |
details, prediction |
Speed Mining Service
SMS
|
0.852286 |
details, prediction |
TrezarCoin
TZC
|
0.8522213 |
details, prediction |
DeepBrain Chain
DBC
|
0.8383167 |
details, prediction |
Ubex
UBEX
|
0.838111 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FujiCoin 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 FujiCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
-0.676367 |
details, prediction |
ChainLink
LINK
|
-0.5928101 |
details, prediction |
XRP
XRP
|
-0.4677197 |
details, prediction |
USD//Coin
USDC
|
-0.415923 |
details, prediction |
Stellar
XLM
|
-0.29265574 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.70226806 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6444873 |
details, prediction |
Nexo
NEXO
|
-0.6277475 |
details, prediction |
XYO Network
XYO
|
-0.59050226 |
details, prediction |
IoTeX
IOTX
|
-0.5116921 |
details, prediction |
Third tier
|
Vitae
VITAE
|
-0.74273217 |
details, prediction |
VIN chain
VIN
|
-0.73469526 |
details, prediction |
INS Ecosystem
INS
|
-0.70001817 |
details, prediction |
Phantasma
SOUL
|
-0.69968104 |
details, prediction |
TomoChain
TOMO
|
-0.6801696 |
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)