Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.33834398 |
details, prediction |
ChainLink
LINK
|
-0.34426197 |
details, prediction |
SONM
SNM
|
-0.36034977 |
details, prediction |
Maker
MKR
|
-0.40595606 |
details, prediction |
Fantom
FTM
|
-0.40759316 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.528296 |
details, prediction |
Quant Network
QNT
|
0.46108347 |
details, prediction |
Paxos Standard
PAX
|
0.35004318 |
details, prediction |
True USD
TUSD
|
0.32737887 |
details, prediction |
USD//Coin
USDC
|
0.30761337 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9466166 |
details, prediction |
Credit Tag Chain
CTC
|
0.7996499 |
details, prediction |
Linkey
LKY
|
0.7750052 |
details, prediction |
BABB
BAX
|
0.61684394 |
details, prediction |
Omnitude
ECOM
|
0.56199116 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gladius 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 Gladius
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.6910269 |
details, prediction |
Ethereum
ETH
|
-0.63900447 |
details, prediction |
Ethereum Classic
ETC
|
-0.5843449 |
details, prediction |
Monero
XMR
|
-0.5697504 |
details, prediction |
Bitcoin
BTC
|
-0.56837577 |
details, prediction |
|
Second tier
|
EOS
EOS
|
-0.65518445 |
details, prediction |
Bitcoin Gold
BTG
|
-0.6260469 |
details, prediction |
Horizen
ZEN
|
-0.5619118 |
details, prediction |
DASH
DASH
|
-0.5609735 |
details, prediction |
Metadium
META
|
-0.56079817 |
details, prediction |
|
Third tier
|
Phore
PHR
|
-0.72158253 |
details, prediction |
Scroll
SCRL
|
-0.71847975 |
details, prediction |
NKN
NKN
|
-0.6920155 |
details, prediction |
Achain
ACT
|
-0.6764824 |
details, prediction |
Eternal token
XET
|
-0.6731392 |
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)