Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.9888864 |
details, prediction |
Ethereum Classic
ETC
|
0.983914 |
details, prediction |
NEO
NEO
|
0.97578835 |
details, prediction |
IOTA
IOT
|
0.97558564 |
details, prediction |
Litecoin
LTC
|
0.95362836 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.9849713 |
details, prediction |
DASH
DASH
|
0.960003 |
details, prediction |
Horizen
ZEN
|
0.9593783 |
details, prediction |
Nano
NANO
|
0.95522714 |
details, prediction |
DigiByte
DGB
|
0.9548983 |
details, prediction |
Third tier
|
ugChain
UGC
|
0.9858405 |
details, prediction |
Kin
KIN
|
0.9812226 |
details, prediction |
Distributed Credit Chain
DCC
|
0.9787855 |
details, prediction |
Bibox Token
BIX
|
0.9786826 |
details, prediction |
Achain
ACT
|
0.97561866 |
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
|
USD//Coin
USDC
|
-0.33983794 |
details, prediction |
ChainLink
LINK
|
-0.1326999 |
details, prediction |
XRP
XRP
|
0.16221589 |
details, prediction |
Maker
MKR
|
0.17693599 |
details, prediction |
Bitcoin SV
BSV
|
0.44053397 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.68519425 |
details, prediction |
True USD
TUSD
|
-0.52030325 |
details, prediction |
Dai
DAI
|
-0.4535296 |
details, prediction |
Nexo
NEXO
|
-0.31737104 |
details, prediction |
XYO Network
XYO
|
-0.2816856 |
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)