Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.90395206 |
details, prediction |
Fantom
FTM
|
0.8055839 |
details, prediction |
Vechain
VET
|
0.72210336 |
details, prediction |
USD//Coin
USDC
|
0.7113612 |
details, prediction |
Chiliz
CHZ
|
0.6932466 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.86524624 |
details, prediction |
HoloToken
HOT
|
0.8505248 |
details, prediction |
FirstBlood
1ST
|
0.8333075 |
details, prediction |
DigiByte
DGB
|
0.76445204 |
details, prediction |
Verge
XVG
|
0.7601541 |
details, prediction |
Third tier
|
Populous
PPT
|
0.9131142 |
details, prediction |
CoinDash
CDT
|
0.90179396 |
details, prediction |
Kambria
KAT
|
0.8982234 |
details, prediction |
VestChain
VEST
|
0.89220303 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.8837324 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Fortuna 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 Fortuna
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.41790453 |
details, prediction |
Ethereum Classic
ETC
|
-0.32632104 |
details, prediction |
Crypto.com Chain
CRO
|
-0.30928466 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2527913 |
details, prediction |
Bitcoin
BTC
|
-0.23182869 |
details, prediction |
Second tier
|
FTX Token
FTT
|
-0.66096723 |
details, prediction |
HedgeTrade
HEDG
|
-0.65337986 |
details, prediction |
SwissBorg
CHSB
|
-0.46827972 |
details, prediction |
Horizen
ZEN
|
-0.4679989 |
details, prediction |
OriginTrail
TRAC
|
-0.36593628 |
details, prediction |
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.7233907 |
details, prediction |
LBRY Credits
LBC
|
-0.65269506 |
details, prediction |
Ionomy
ION
|
-0.62608445 |
details, prediction |
TomoChain
TOMO
|
-0.62395287 |
details, prediction |
Lamden Tau
TAU
|
-0.6161554 |
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)