Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.93359756 |
details, prediction |
SONM
SNM
|
0.9213213 |
details, prediction |
Monero
XMR
|
0.9093561 |
details, prediction |
Maker
MKR
|
0.90846044 |
details, prediction |
Ethereum
ETH
|
0.907516 |
details, prediction |
Second tier
|
Verge
XVG
|
0.9505444 |
details, prediction |
Nano
NANO
|
0.9464159 |
details, prediction |
Aragon
ANT
|
0.9412488 |
details, prediction |
Waves
WAVES
|
0.93748885 |
details, prediction |
Digix DAO
DGD
|
0.93480057 |
details, prediction |
Third tier
|
Bitcore
BTX
|
0.9552721 |
details, prediction |
Nimiq
NET
|
0.95064396 |
details, prediction |
Effect.AI
EFX
|
0.94962543 |
details, prediction |
Lamden Tau
TAU
|
0.9494402 |
details, prediction |
BitcoinPlus
XBC
|
0.947975 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FastCoin 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 FastCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.21643808 |
details, prediction |
Ethereum Classic
ETC
|
0.56605494 |
details, prediction |
Tezos
XTZ
|
0.6197697 |
details, prediction |
Theta
THETA
|
0.6463691 |
details, prediction |
Stellar
XLM
|
0.75754315 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.025135053 |
details, prediction |
DigiByte
DGB
|
0.37649202 |
details, prediction |
True USD
TUSD
|
0.39053336 |
details, prediction |
Huobi Token
HT
|
0.44760323 |
details, prediction |
Decentraland
MANA
|
0.6194914 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.80782187 |
details, prediction |
Bitcedi
BXC
|
-0.7751899 |
details, prediction |
WeAreSatoshi
WSX
|
-0.7243687 |
details, prediction |
ODEM
ODEM
|
-0.64445 |
details, prediction |
Unobtanium
UNO
|
-0.52298594 |
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)