Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.5259226 |
details, prediction |
ChainLink
LINK
|
0.52412665 |
details, prediction |
Cardano
ADA
|
0.522434 |
details, prediction |
TRON
TRX
|
0.51898134 |
details, prediction |
Cosmos
ATOM
|
0.51686186 |
details, prediction |
Second tier
|
AMO Coin
AMO
|
0.56927174 |
details, prediction |
Dent
DENT
|
0.55786127 |
details, prediction |
Loom Network
LOOM
|
0.54423386 |
details, prediction |
Stox
STX
|
0.54343385 |
details, prediction |
QTUM
QTUM
|
0.54260975 |
details, prediction |
Third tier
|
SpankChain
SPANK
|
0.68507683 |
details, prediction |
OneRoot Network
RNT
|
0.67386055 |
details, prediction |
Waves Community Token
WCT
|
0.66764176 |
details, prediction |
ugChain
UGC
|
0.65440494 |
details, prediction |
Iconomi
ICN
|
0.6529854 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HappyCoin 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 HappyCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.031921957 |
details, prediction |
KuCoin Shares
KCS
|
0.11624527 |
details, prediction |
Theta
THETA
|
0.13068043 |
details, prediction |
USD//Coin
USDC
|
0.14940703 |
details, prediction |
Crypto.com Chain
CRO
|
0.31128773 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.44869936 |
details, prediction |
HedgeTrade
HEDG
|
-0.4469743 |
details, prediction |
Aragon
ANT
|
-0.25294268 |
details, prediction |
SwissBorg
CHSB
|
-0.2361163 |
details, prediction |
Synthetix Network Token
SNX
|
-0.150661 |
details, prediction |
Third tier
|
Winchain
WIN
|
-0.6663552 |
details, prediction |
SolarCoin
SLR
|
-0.4633444 |
details, prediction |
Hubiit
HBT
|
-0.39603212 |
details, prediction |
BipCoin
BIP
|
-0.39476037 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.37888715 |
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)