Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.37678406 |
details, prediction |
XRP
XRP
|
0.29338354 |
details, prediction |
Stellar
XLM
|
0.2462314 |
details, prediction |
Maker
MKR
|
0.21544042 |
details, prediction |
SONM
SNM
|
0.18119453 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
0.4019457 |
details, prediction |
Dent
DENT
|
0.35621217 |
details, prediction |
Nexo
NEXO
|
0.34048623 |
details, prediction |
IoTeX
IOTX
|
0.335769 |
details, prediction |
EthLend
LEND
|
0.32971108 |
details, prediction |
Third tier
|
Pillar
PLR
|
0.8990222 |
details, prediction |
Tidex Token
TDX
|
0.7334581 |
details, prediction |
Neblio
NEBL
|
0.4986499 |
details, prediction |
Global Cryptocurrency
GCC
|
0.48256558 |
details, prediction |
district0x
DNT
|
0.4693159 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hawala.Today 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 Hawala.Today
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
-0.12827243 |
details, prediction |
Dogecoin
DOGE
|
-0.09983125 |
details, prediction |
IOTA
IOT
|
-0.097245984 |
details, prediction |
Ethereum
ETH
|
-0.076592736 |
details, prediction |
Litecoin
LTC
|
-0.06819054 |
details, prediction |
Second tier
|
Stox
STX
|
-0.23725253 |
details, prediction |
FirstBlood
1ST
|
-0.2179695 |
details, prediction |
Lisk
LSK
|
-0.16782185 |
details, prediction |
Horizen
ZEN
|
-0.1517587 |
details, prediction |
Huobi Token
HT
|
-0.14063554 |
details, prediction |
Third tier
|
AMLT Token
AMLT
|
-0.43063954 |
details, prediction |
GoldCoin
GLD
|
-0.39082062 |
details, prediction |
NovaCoin
NVC
|
-0.3434497 |
details, prediction |
Playgroundz
IOG
|
-0.33965787 |
details, prediction |
DAPS Token
DAPS
|
-0.3302062 |
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)