Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.94905347 |
details, prediction |
SONM
SNM
|
0.94809514 |
details, prediction |
Stellar
XLM
|
0.9447634 |
details, prediction |
Cardano
ADA
|
0.93025076 |
details, prediction |
Fantom
FTM
|
0.93024665 |
details, prediction |
Second tier
|
QTUM
QTUM
|
0.9617427 |
details, prediction |
OmiseGo
OMG
|
0.9564861 |
details, prediction |
Lisk
LSK
|
0.95197177 |
details, prediction |
Siacoin
SC
|
0.94969594 |
details, prediction |
Status
SNT
|
0.94774336 |
details, prediction |
Third tier
|
Quantstamp
QSP
|
0.96066266 |
details, prediction |
CWV Chain
CWV
|
0.9551763 |
details, prediction |
NavCoin
NAV
|
0.953759 |
details, prediction |
Bluzelle
BLZ
|
0.9456499 |
details, prediction |
Ignis
IGNIS
|
0.9448359 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HunterCoin 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 HunterCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.2650536 |
details, prediction |
Bitcoin SV
BSV
|
0.24749972 |
details, prediction |
TRON
TRX
|
0.26129168 |
details, prediction |
Theta
THETA
|
0.4673575 |
details, prediction |
Maker
MKR
|
0.5473979 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.67842793 |
details, prediction |
Dent
DENT
|
-0.6030294 |
details, prediction |
XYO Network
XYO
|
-0.5842025 |
details, prediction |
BitTorrent
BTT
|
-0.49131978 |
details, prediction |
True USD
TUSD
|
-0.2988107 |
details, prediction |
Third tier
|
BOScoin
BOS
|
-0.84063447 |
details, prediction |
Dreamscape
DSC
|
-0.83624953 |
details, prediction |
Neumarks
NEU
|
-0.8106951 |
details, prediction |
CargoX
CXO
|
-0.7925368 |
details, prediction |
Xaurum
XAUR
|
-0.76474625 |
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)