Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Nexo
NEXO
|
0.54247403 |
details, prediction |
Binance Coin
BNB
|
0.49049303 |
details, prediction |
Monero
XMR
|
0.487423 |
details, prediction |
KuCoin Shares
KCS
|
0.4247867 |
details, prediction |
Ethereum
ETH
|
0.41695026 |
details, prediction |
Second tier
|
FunFair
FUN
|
0.60135144 |
details, prediction |
Utrust
UTK
|
0.5373245 |
details, prediction |
Status
SNT
|
0.4834843 |
details, prediction |
Lisk
LSK
|
0.48335665 |
details, prediction |
Ardor
ARDR
|
0.4799896 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.9883203 |
details, prediction |
Sentinel Protocol
UPP
|
0.6629664 |
details, prediction |
Bottos
BTO
|
0.6298236 |
details, prediction |
Wanchain
WAN
|
0.5850472 |
details, prediction |
district0x
DNT
|
0.57967365 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that GXShares 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 GXShares
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.17812078 |
details, prediction |
Decentraland
MANA
|
-0.16634564 |
details, prediction |
IOTA
IOT
|
-0.02899599 |
details, prediction |
Matic Network
MATIC
|
0.024069909 |
details, prediction |
Tezos
XTZ
|
0.04864992 |
details, prediction |
Second tier
|
WhiteCoin
XWC
|
-0.34624502 |
details, prediction |
Paxos Standard
PAX
|
-0.30339113 |
details, prediction |
Bitcoin Diamond
BCD
|
-0.29664743 |
details, prediction |
Elastos
ELA
|
-0.27338746 |
details, prediction |
True USD
TUSD
|
-0.26412398 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.46624413 |
details, prediction |
Particl
PART
|
-0.46097487 |
details, prediction |
QASH
QASH
|
-0.46094227 |
details, prediction |
HOQU
HQX
|
-0.46088865 |
details, prediction |
CryptoPing
PING
|
-0.45481992 |
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)