Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.7718174 |
details, prediction |
Ethereum
ETH
|
0.6563132 |
details, prediction |
Cardano
ADA
|
0.654316 |
details, prediction |
KuCoin Shares
KCS
|
0.65261865 |
details, prediction |
IOTA
IOT
|
0.6515745 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.76679903 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.7315559 |
details, prediction |
Digix DAO
DGD
|
0.71088177 |
details, prediction |
ICON
ICX
|
0.6962611 |
details, prediction |
Kyber Network
KNC
|
0.6951245 |
details, prediction |
Third tier
|
Global Cryptocurrency
GCC
|
0.83708274 |
details, prediction |
Augur
REP
|
0.7860868 |
details, prediction |
AurumCoin
AU
|
0.7843578 |
details, prediction |
Molecule
MOL
|
0.78410596 |
details, prediction |
Winchain
WIN
|
0.7769515 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethorse 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 Ethorse
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.34161383 |
details, prediction |
XRP
XRP
|
-0.22790499 |
details, prediction |
ChainLink
LINK
|
-0.015553506 |
details, prediction |
Maker
MKR
|
0.108413294 |
details, prediction |
Dogecoin
DOGE
|
0.24183421 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.5497671 |
details, prediction |
XYO Network
XYO
|
-0.31791037 |
details, prediction |
True USD
TUSD
|
-0.31632578 |
details, prediction |
Dai
DAI
|
-0.24652354 |
details, prediction |
Quant Network
QNT
|
-0.2451911 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.570031 |
details, prediction |
Darico
DEC
|
-0.44626057 |
details, prediction |
Trigger
TRIG
|
-0.36754018 |
details, prediction |
Factom
FCT
|
-0.3418604 |
details, prediction |
CWV Chain
CWV
|
-0.33110395 |
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)