Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.5288472 |
details, prediction |
KuCoin Shares
KCS
|
0.47216186 |
details, prediction |
Matic Network
MATIC
|
0.46126583 |
details, prediction |
Chiliz
CHZ
|
0.4281169 |
details, prediction |
Theta
THETA
|
0.42537078 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
0.5912207 |
details, prediction |
Decred
DCR
|
0.5587305 |
details, prediction |
Polymath Network
POLY
|
0.5470037 |
details, prediction |
Lisk
LSK
|
0.53407365 |
details, prediction |
Ravencoin
RVN
|
0.51144123 |
details, prediction |
|
Third tier
|
AidCoin
AID
|
0.84018195 |
details, prediction |
Asch
XAS
|
0.8364656 |
details, prediction |
Synereo
AMP
|
0.82129097 |
details, prediction |
Kambria
KAT
|
0.8119228 |
details, prediction |
BOScoin
BOS
|
0.8009177 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FintruX 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 FintruX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.40468615 |
details, prediction |
Vechain
VET
|
-0.29783776 |
details, prediction |
Cosmos
ATOM
|
-0.2788774 |
details, prediction |
Fantom
FTM
|
-0.26463187 |
details, prediction |
Dogecoin
DOGE
|
-0.23536223 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.50923073 |
details, prediction |
Synthetix Network Token
SNX
|
-0.45231488 |
details, prediction |
Request Network
REQ
|
-0.33461368 |
details, prediction |
AMO Coin
AMO
|
-0.32640642 |
details, prediction |
EthLend
LEND
|
-0.31952724 |
details, prediction |
|
Third tier
|
Kin
KIN
|
-0.7032364 |
details, prediction |
Leverj
LEV
|
-0.64195555 |
details, prediction |
Moneytoken
IMT
|
-0.6091137 |
details, prediction |
FNKOS
FNKOS
|
-0.6034564 |
details, prediction |
Switcheo Network
SWH
|
-0.58138996 |
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)