Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.94372904 |
details, prediction |
Vechain
VET
|
0.93840396 |
details, prediction |
NEO
NEO
|
0.9375489 |
details, prediction |
Litecoin
LTC
|
0.93699026 |
details, prediction |
IOTA
IOT
|
0.9285133 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.943069 |
details, prediction |
Huobi Token
HT
|
0.941223 |
details, prediction |
Nano
NANO
|
0.9349433 |
details, prediction |
DigiByte
DGB
|
0.9295954 |
details, prediction |
Horizen
ZEN
|
0.92897826 |
details, prediction |
Third tier
|
ugChain
UGC
|
0.94569397 |
details, prediction |
Bitshares
BTS
|
0.9445042 |
details, prediction |
EarthCoin
EAC
|
0.94324493 |
details, prediction |
High Performance Blockchain
HPB
|
0.94205433 |
details, prediction |
Ionomy
ION
|
0.9420149 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that InvestFeed 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 InvestFeed
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.33924788 |
details, prediction |
ChainLink
LINK
|
0.24777709 |
details, prediction |
Bitcoin SV
BSV
|
0.29850957 |
details, prediction |
Maker
MKR
|
0.48527274 |
details, prediction |
XRP
XRP
|
0.58003944 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.60495776 |
details, prediction |
XYO Network
XYO
|
-0.4826278 |
details, prediction |
Dai
DAI
|
-0.47575057 |
details, prediction |
True USD
TUSD
|
-0.46749747 |
details, prediction |
Nexo
NEXO
|
-0.0060840235 |
details, prediction |
Third tier
|
CWV Chain
CWV
|
-0.8669805 |
details, prediction |
Darico
DEC
|
-0.8244286 |
details, prediction |
Chainium
CHX
|
-0.79660904 |
details, prediction |
Factom
FCT
|
-0.7730394 |
details, prediction |
Tycoon Global
TCT
|
-0.7165096 |
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)