Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6894613 |
details, prediction |
TRON
TRX
|
0.24123676 |
details, prediction |
Cardano
ADA
|
0.106261045 |
details, prediction |
Ethereum Classic
ETC
|
-0.22449626 |
details, prediction |
Bitcoin Cash
BCH
|
-0.29526713 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9119992 |
details, prediction |
Verge
XVG
|
0.7447926 |
details, prediction |
Siacoin
SC
|
0.7178079 |
details, prediction |
Decred
DCR
|
0.5597276 |
details, prediction |
USD//Coin
USDC
|
0.52099603 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.80082464 |
details, prediction |
Wanchain
WAN
|
0.70931685 |
details, prediction |
Dent
DENT
|
0.70069623 |
details, prediction |
Dero
DERO
|
0.66183937 |
details, prediction |
V Systems
VSYS
|
0.5211852 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that FunFair 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 FunFair
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.88454705 |
details, prediction |
Binance Coin
BNB
|
-0.8518905 |
details, prediction |
Ethereum
ETH
|
-0.8387325 |
details, prediction |
XRP
XRP
|
-0.8038825 |
details, prediction |
Stellar
XLM
|
-0.7658715 |
details, prediction |
|
Second tier
|
0x
ZRX
|
-0.87745184 |
details, prediction |
Theta
THETA
|
-0.7380027 |
details, prediction |
Chiliz
CHZ
|
-0.73555005 |
details, prediction |
Nexo
NEXO
|
-0.7000145 |
details, prediction |
True USD
TUSD
|
-0.6903888 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.89963555 |
details, prediction |
Enjin Coin
ENJ
|
-0.7891103 |
details, prediction |
Bancor
BNT
|
-0.6847583 |
details, prediction |
Metal
MTL
|
-0.6803637 |
details, prediction |
Komodo
KMD
|
-0.66384643 |
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)