Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8641841 |
details, prediction |
Ethereum
ETH
|
0.7900205 |
details, prediction |
KuCoin Shares
KCS
|
0.772263 |
details, prediction |
Cardano
ADA
|
0.758221 |
details, prediction |
ZCash
ZEC
|
0.6714069 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.88647443 |
details, prediction |
Huobi Token
HT
|
0.8472198 |
details, prediction |
Aragon
ANT
|
0.78720754 |
details, prediction |
OriginTrail
TRAC
|
0.761835 |
details, prediction |
aelf
ELF
|
0.75923157 |
details, prediction |
|
Third tier
|
Moneytoken
IMT
|
0.9617978 |
details, prediction |
Peculium
PCL
|
0.9248848 |
details, prediction |
Docademic
MTC
|
0.9184449 |
details, prediction |
CUBE
AUTO
|
0.9153299 |
details, prediction |
RChain
RHOC
|
0.90804255 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ShowHand 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 ShowHand
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.6720184 |
details, prediction |
XRP
XRP
|
-0.6466081 |
details, prediction |
ChainLink
LINK
|
-0.6214361 |
details, prediction |
Stellar
XLM
|
-0.4671686 |
details, prediction |
Dogecoin
DOGE
|
-0.263156 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.80655277 |
details, prediction |
Bitcoin Gold
BTG
|
-0.7646655 |
details, prediction |
Nexo
NEXO
|
-0.70656794 |
details, prediction |
EthLend
LEND
|
-0.5789089 |
details, prediction |
Ravencoin
RVN
|
-0.49435923 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.893546 |
details, prediction |
Vitae
VITAE
|
-0.7710321 |
details, prediction |
Genesis Vision
GVT
|
-0.76553583 |
details, prediction |
VIN chain
VIN
|
-0.75803626 |
details, prediction |
Tierion
TNT
|
-0.7530902 |
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)