Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.18159184 |
details, prediction |
XRP
XRP
|
-0.3698179 |
details, prediction |
ChainLink
LINK
|
-0.41243398 |
details, prediction |
Stellar
XLM
|
-0.5114919 |
details, prediction |
TRON
TRX
|
-0.5162878 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.66683036 |
details, prediction |
XYO Network
XYO
|
0.59525496 |
details, prediction |
Theta
THETA
|
0.3007032 |
details, prediction |
Waves
WAVES
|
0.24907328 |
details, prediction |
Nexo
NEXO
|
0.24395312 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.87274146 |
details, prediction |
Melon
MLN
|
0.80302083 |
details, prediction |
Bittwatt
BWT
|
0.7677867 |
details, prediction |
Darico
DEC
|
0.7543235 |
details, prediction |
Linkey
LKY
|
0.7340225 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that GAT Coin 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 GAT Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
-0.7902122 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7414259 |
details, prediction |
ZCash
ZEC
|
-0.7058558 |
details, prediction |
Dogecoin
DOGE
|
-0.7007434 |
details, prediction |
Ethereum Classic
ETC
|
-0.6993265 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
-0.7559685 |
details, prediction |
Vechain
VET
|
-0.7463856 |
details, prediction |
Aragon
ANT
|
-0.7394108 |
details, prediction |
Ravencoin
RVN
|
-0.73213035 |
details, prediction |
Nano
NANO
|
-0.7217966 |
details, prediction |
|
Third tier
|
ugChain
UGC
|
-0.8003145 |
details, prediction |
BitKan
KAN
|
-0.78764766 |
details, prediction |
Stox
STX
|
-0.7821094 |
details, prediction |
Tycoon Global
TCT
|
-0.77926236 |
details, prediction |
Airbloc
ABL
|
-0.77077526 |
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)