Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.983914 |
details, prediction |
Litecoin
LTC
|
0.95362836 |
details, prediction |
Fantom
FTM
|
0.947663 |
details, prediction |
Monero
XMR
|
0.93960816 |
details, prediction |
Dogecoin
DOGE
|
0.93396676 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9888864 |
details, prediction |
NEO
NEO
|
0.97578835 |
details, prediction |
IOTA
IOT
|
0.97558564 |
details, prediction |
DASH
DASH
|
0.960003 |
details, prediction |
Horizen
ZEN
|
0.9593783 |
details, prediction |
|
Third tier
|
ugChain
UGC
|
0.9858405 |
details, prediction |
Lisk
LSK
|
0.9849713 |
details, prediction |
Kin
KIN
|
0.9812226 |
details, prediction |
Distributed Credit Chain
DCC
|
0.9787855 |
details, prediction |
Bibox Token
BIX
|
0.9786826 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hshare 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 Hshare
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.1326999 |
details, prediction |
XRP
XRP
|
0.16221589 |
details, prediction |
Maker
MKR
|
0.17693599 |
details, prediction |
Stellar
XLM
|
0.63248444 |
details, prediction |
SONM
SNM
|
0.7416976 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.68519425 |
details, prediction |
True USD
TUSD
|
-0.52030325 |
details, prediction |
Dai
DAI
|
-0.4535296 |
details, prediction |
USD//Coin
USDC
|
-0.33983794 |
details, prediction |
Nexo
NEXO
|
-0.31737104 |
details, prediction |
|
Third tier
|
Darico
DEC
|
-0.92250234 |
details, prediction |
CWV Chain
CWV
|
-0.86312085 |
details, prediction |
Chainium
CHX
|
-0.8255649 |
details, prediction |
Tycoon Global
TCT
|
-0.7799124 |
details, prediction |
Factom
FCT
|
-0.7694967 |
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)