Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.69990385 |
details, prediction |
Maker
MKR
|
0.611611 |
details, prediction |
Matic Network
MATIC
|
0.60100275 |
details, prediction |
SONM
SNM
|
0.49596813 |
details, prediction |
Bitcoin
BTC
|
0.46453175 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
0.7522575 |
details, prediction |
Nano
NANO
|
0.73434 |
details, prediction |
Polymath Network
POLY
|
0.7302481 |
details, prediction |
MonaCoin
MONA
|
0.71153 |
details, prediction |
Chiliz
CHZ
|
0.70646274 |
details, prediction |
|
Third tier
|
BitcoinZ
BTCZ
|
0.87931025 |
details, prediction |
Diamond
DMD
|
0.8721184 |
details, prediction |
Linkey
LKY
|
0.83339673 |
details, prediction |
Cardstack
CARD
|
0.81360716 |
details, prediction |
ThoreCoin
THR
|
0.80477613 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Etherparty 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 Etherparty
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.4361729 |
details, prediction |
Binance Coin
BNB
|
-0.17036909 |
details, prediction |
ChainLink
LINK
|
-0.06871659 |
details, prediction |
Litecoin
LTC
|
-0.06475376 |
details, prediction |
Bitcoin Cash
BCH
|
-0.06430966 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.44925442 |
details, prediction |
Bitcoin Gold
BTG
|
-0.3675238 |
details, prediction |
EOS
EOS
|
-0.33190525 |
details, prediction |
BORA
BORA
|
-0.3227742 |
details, prediction |
DASH
DASH
|
-0.2571937 |
details, prediction |
|
Third tier
|
Moneytoken
IMT
|
-0.64970654 |
details, prediction |
Bitcoin Private
BTCP
|
-0.63985234 |
details, prediction |
ThoreNext
THX
|
-0.5989419 |
details, prediction |
Nexty
NTY
|
-0.59349096 |
details, prediction |
LAToken
LA
|
-0.589212 |
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)