Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.3007032 |
details, prediction |
Maker
MKR
|
0.18159184 |
details, prediction |
USD//Coin
USDC
|
0.052072145 |
details, prediction |
Bitcoin SV
BSV
|
-0.24475217 |
details, prediction |
XRP
XRP
|
-0.3698179 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.66683036 |
details, prediction |
XYO Network
XYO
|
0.59525496 |
details, prediction |
Steem
STEEM
|
0.30551574 |
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 |
Tezos
XTZ
|
-0.7559685 |
details, prediction |
Vechain
VET
|
-0.7463856 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7414259 |
details, prediction |
Dogecoin
DOGE
|
-0.7007434 |
details, prediction |
Second tier
|
Stox
STX
|
-0.7821094 |
details, prediction |
Internet of Services
IOST
|
-0.7418802 |
details, prediction |
Aragon
ANT
|
-0.7394108 |
details, prediction |
Ravencoin
RVN
|
-0.73213035 |
details, prediction |
Propy
PRO
|
-0.72363585 |
details, prediction |
Third tier
|
ugChain
UGC
|
-0.8003145 |
details, prediction |
BitKan
KAN
|
-0.78764766 |
details, prediction |
Tycoon Global
TCT
|
-0.77926236 |
details, prediction |
Airbloc
ABL
|
-0.77077526 |
details, prediction |
Numerai
NMR
|
-0.7705854 |
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)