Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.9503892 |
details, prediction |
Vechain
VET
|
0.93918097 |
details, prediction |
Chiliz
CHZ
|
0.9277133 |
details, prediction |
Ethereum Classic
ETC
|
0.9208834 |
details, prediction |
Litecoin
LTC
|
0.91720533 |
details, prediction |
Second tier
|
NEM
XEM
|
0.9320249 |
details, prediction |
Theta Fuel
TFUEL
|
0.93156767 |
details, prediction |
Bitcoin Gold
BTG
|
0.9297876 |
details, prediction |
QTUM
QTUM
|
0.92762655 |
details, prediction |
Synthetix Network Token
SNX
|
0.92215544 |
details, prediction |
Third tier
|
Egretia
EGT
|
0.9745244 |
details, prediction |
Time New Bank
TNB
|
0.9635936 |
details, prediction |
Project Pai
PAI
|
0.9613379 |
details, prediction |
Kcash
KCASH
|
0.9593823 |
details, prediction |
BitKan
KAN
|
0.95186466 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FansTime 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 FansTime
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.7860187 |
details, prediction |
USD//Coin
USDC
|
-0.7756217 |
details, prediction |
Matic Network
MATIC
|
-0.49776193 |
details, prediction |
Crypto.com Chain
CRO
|
-0.11974519 |
details, prediction |
Cosmos
ATOM
|
-0.015427162 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.7946165 |
details, prediction |
True USD
TUSD
|
-0.7763058 |
details, prediction |
Cortex
CTXC
|
-0.7724441 |
details, prediction |
GXShares
GXS
|
-0.7588445 |
details, prediction |
Dai
DAI
|
-0.67497015 |
details, prediction |
Third tier
|
Veritaseum
VERI
|
-0.77026147 |
details, prediction |
Particl
PART
|
-0.75905615 |
details, prediction |
Gemini Dollar
GUSD
|
-0.75637376 |
details, prediction |
GXChain
GXC
|
-0.75439394 |
details, prediction |
Measurable Data Token
MDT
|
-0.69401354 |
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)