Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.8208313 |
details, prediction |
SONM
SNM
|
0.8037184 |
details, prediction |
Matic Network
MATIC
|
0.79652905 |
details, prediction |
KuCoin Shares
KCS
|
0.789717 |
details, prediction |
Fantom
FTM
|
0.6994631 |
details, prediction |
|
Second tier
|
Ethos (Bitquence)
BQX
|
0.92426133 |
details, prediction |
Nexo
NEXO
|
0.89491045 |
details, prediction |
HedgeTrade
HEDG
|
0.8698 |
details, prediction |
Loopring
LRC
|
0.86412865 |
details, prediction |
Algorand
ALGO
|
0.85986257 |
details, prediction |
|
Third tier
|
Aion
AION
|
0.91022927 |
details, prediction |
Dero
DERO
|
0.9100319 |
details, prediction |
OKCash
OK
|
0.9092531 |
details, prediction |
Dragonchain
DRGN
|
0.8931314 |
details, prediction |
Ecoreal Estate
ECOREAL
|
0.8885526 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that InsurePal 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 InsurePal
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.43091172 |
details, prediction |
Stellar
XLM
|
0.36411208 |
details, prediction |
Crypto.com Chain
CRO
|
0.46673435 |
details, prediction |
Ethereum Classic
ETC
|
0.51036906 |
details, prediction |
Monero
XMR
|
0.52145743 |
details, prediction |
|
Second tier
|
BORA
BORA
|
-0.36238113 |
details, prediction |
Quant Network
QNT
|
-0.2332857 |
details, prediction |
DigiByte
DGB
|
-0.16112249 |
details, prediction |
Metadium
META
|
-0.13638107 |
details, prediction |
Status
SNT
|
-0.09076313 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
-0.6121245 |
details, prediction |
Curecoin
CURE
|
-0.5951745 |
details, prediction |
Numerai
NMR
|
-0.553981 |
details, prediction |
Phore
PHR
|
-0.48893815 |
details, prediction |
DubaiCoin
DBIX
|
-0.4780315 |
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)