Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.6580833 |
details, prediction |
XRP
XRP
|
0.6230952 |
details, prediction |
Bitcoin
BTC
|
0.60758704 |
details, prediction |
Monero
XMR
|
0.60622615 |
details, prediction |
Chiliz
CHZ
|
0.5311343 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.84022945 |
details, prediction |
HedgeTrade
HEDG
|
0.81696063 |
details, prediction |
ZCash
ZEC
|
0.81301624 |
details, prediction |
Lisk
LSK
|
0.6899646 |
details, prediction |
Nexo
NEXO
|
0.66827935 |
details, prediction |
Third tier
|
VestChain
VEST
|
0.87096554 |
details, prediction |
Seele
SEELE
|
0.734246 |
details, prediction |
Mainframe
MFT
|
0.72798365 |
details, prediction |
Haven Protocol
XHV
|
0.6457259 |
details, prediction |
Kambria
KAT
|
0.6216309 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Golem 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 Golem
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.5501164 |
details, prediction |
Fantom
FTM
|
-0.44189394 |
details, prediction |
SONM
SNM
|
-0.42582527 |
details, prediction |
Dogecoin
DOGE
|
-0.23960952 |
details, prediction |
Matic Network
MATIC
|
-0.124508336 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
-0.7001671 |
details, prediction |
Dai
DAI
|
-0.5745144 |
details, prediction |
True USD
TUSD
|
-0.50561845 |
details, prediction |
Propy
PRO
|
-0.50524163 |
details, prediction |
MonaCoin
MONA
|
-0.46389267 |
details, prediction |
Third tier
|
ArcBlock
ABT
|
-0.73598546 |
details, prediction |
PinkCoin
PINK
|
-0.6751476 |
details, prediction |
Stratis
STRAT
|
-0.6725933 |
details, prediction |
Particl
PART
|
-0.6518822 |
details, prediction |
Elastos
ELA
|
-0.62398 |
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)