Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.3489472 |
details, prediction |
NEO
NEO
|
0.289085 |
details, prediction |
Tezos
XTZ
|
0.1935762 |
details, prediction |
XRP
XRP
|
0.020149995 |
details, prediction |
ZCash
ZEC
|
-0.04900454 |
details, prediction |
Second tier
|
KuCoin Shares
KCS
|
0.6883083 |
details, prediction |
OmiseGo
OMG
|
0.58986837 |
details, prediction |
Centrality
CENNZ
|
0.58686227 |
details, prediction |
HedgeTrade
HEDG
|
0.5618783 |
details, prediction |
Ontology
ONT
|
0.29571658 |
details, prediction |
Third tier
|
Digitex Futures
DGTX
|
0.77394617 |
details, prediction |
EDUCare
EKT
|
0.7148824 |
details, prediction |
IoT Chain
ITC
|
0.70261073 |
details, prediction |
CNN token
CNN
|
0.69919014 |
details, prediction |
Fusion
FSN
|
0.6979177 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that GlitzKoin 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 GlitzKoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.79421663 |
details, prediction |
Litecoin
LTC
|
-0.77207404 |
details, prediction |
Binance Coin
BNB
|
-0.756271 |
details, prediction |
Bitcoin
BTC
|
-0.7407566 |
details, prediction |
Dogecoin
DOGE
|
-0.72688437 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
-0.8503986 |
details, prediction |
Zilliqa
ZIL
|
-0.8061202 |
details, prediction |
Chiliz
CHZ
|
-0.78894705 |
details, prediction |
Synthetix Network Token
SNX
|
-0.77923626 |
details, prediction |
Theta Fuel
TFUEL
|
-0.77858454 |
details, prediction |
Third tier
|
Populous
PPT
|
-0.8832303 |
details, prediction |
BlockNet
BLOCK
|
-0.8208557 |
details, prediction |
Groestlcoin
GRS
|
-0.79452497 |
details, prediction |
Smartshare
SSP
|
-0.7921676 |
details, prediction |
Dentacoin
DCN
|
-0.7866232 |
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)