Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.18090735 |
details, prediction |
ZCash
ZEC
|
0.16917898 |
details, prediction |
Bitcoin Cash
BCH
|
0.1602395 |
details, prediction |
Ethereum Classic
ETC
|
0.16004543 |
details, prediction |
Stellar
XLM
|
0.1385253 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.18684018 |
details, prediction |
Cosmos
ATOM
|
0.18603782 |
details, prediction |
iEx.ec
RLC
|
0.17221113 |
details, prediction |
BitTorrent
BTT
|
0.16677254 |
details, prediction |
QTUM
QTUM
|
0.1653458 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.76058245 |
details, prediction |
DubaiCoin
DBIX
|
0.70989007 |
details, prediction |
Dether
DTH
|
0.6147211 |
details, prediction |
Hubiit
HBT
|
0.6141538 |
details, prediction |
Spectre.ai Dividend Token
SXDT
|
0.4178418 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FarmaTrust 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 FarmaTrust
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.0285273 |
details, prediction |
Matic Network
MATIC
|
-0.025598995 |
details, prediction |
SONM
SNM
|
0.026328076 |
details, prediction |
ChainLink
LINK
|
0.027623866 |
details, prediction |
Fantom
FTM
|
0.028785722 |
details, prediction |
|
Second tier
|
BORA
BORA
|
-0.1455398 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.065699734 |
details, prediction |
Metadium
META
|
-0.055866685 |
details, prediction |
Telcoin
TEL
|
-0.054359324 |
details, prediction |
Algorand
ALGO
|
-0.033606116 |
details, prediction |
|
Third tier
|
Electra
ECA
|
-0.48821294 |
details, prediction |
Modum
MOD
|
-0.32613692 |
details, prediction |
Credit Tag Chain
CTC
|
-0.318408 |
details, prediction |
Cajutel
CAJ
|
-0.29802293 |
details, prediction |
CWV Chain
CWV
|
-0.27817622 |
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)