Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.40540117 |
details, prediction |
USD//Coin
USDC
|
0.25966412 |
details, prediction |
Maker
MKR
|
0.19901869 |
details, prediction |
SONM
SNM
|
0.15559027 |
details, prediction |
NEO
NEO
|
0.04829733 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.5856825 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.4382078 |
details, prediction |
Steem
STEEM
|
0.4349526 |
details, prediction |
EthLend
LEND
|
0.43463084 |
details, prediction |
Request Network
REQ
|
0.37574792 |
details, prediction |
Third tier
|
Dotcoin
DOT
|
0.82359385 |
details, prediction |
Credit Tag Chain
CTC
|
0.7236846 |
details, prediction |
FLASH coin
FLASH
|
0.6840971 |
details, prediction |
DopeCoin
DOPE
|
0.6607968 |
details, prediction |
PeerCoin
PPC
|
0.65963495 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Freyrchain 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 Freyrchain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.5716101 |
details, prediction |
Bitcoin
BTC
|
-0.44116613 |
details, prediction |
Ethereum
ETH
|
-0.4084872 |
details, prediction |
IOTA
IOT
|
-0.34889477 |
details, prediction |
Monero
XMR
|
-0.3423011 |
details, prediction |
Second tier
|
Horizen
ZEN
|
-0.46026674 |
details, prediction |
BitTorrent
BTT
|
-0.45747697 |
details, prediction |
Dent
DENT
|
-0.4476238 |
details, prediction |
HoloToken
HOT
|
-0.40265405 |
details, prediction |
Digix DAO
DGD
|
-0.35930455 |
details, prediction |
Third tier
|
RubyCoin
RBY
|
-0.6252157 |
details, prediction |
Solve.Care
SOLVE
|
-0.6232604 |
details, prediction |
Egretia
EGT
|
-0.59333116 |
details, prediction |
uDoo
UDOO
|
-0.5919179 |
details, prediction |
SaluS
SLS
|
-0.5820632 |
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)