Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.10951008 |
details, prediction |
XRP
XRP
|
0.06531842 |
details, prediction |
Maker
MKR
|
0.010281029 |
details, prediction |
Dogecoin
DOGE
|
-0.14215836 |
details, prediction |
ZCash
ZEC
|
-0.14390403 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.3334834 |
details, prediction |
Quant Network
QNT
|
0.3227042 |
details, prediction |
XYO Network
XYO
|
0.31976777 |
details, prediction |
Waves
WAVES
|
0.22440523 |
details, prediction |
Paxos Standard
PAX
|
0.19661443 |
details, prediction |
|
Third tier
|
FLASH coin
FLASH
|
0.88979745 |
details, prediction |
Credit Tag Chain
CTC
|
0.86845154 |
details, prediction |
Dotcoin
DOT
|
0.837687 |
details, prediction |
Vitae
VITAE
|
0.8220082 |
details, prediction |
Solaris
XLR
|
0.8098846 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that JET8 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 JET8
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.47955167 |
details, prediction |
Binance Coin
BNB
|
-0.3341642 |
details, prediction |
Bitcoin
BTC
|
-0.27411538 |
details, prediction |
Litecoin
LTC
|
-0.26651618 |
details, prediction |
Monero
XMR
|
-0.2505687 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.33765203 |
details, prediction |
Huobi Token
HT
|
-0.3297355 |
details, prediction |
Horizen
ZEN
|
-0.31450966 |
details, prediction |
Ravencoin
RVN
|
-0.28209293 |
details, prediction |
iEx.ec
RLC
|
-0.2809524 |
details, prediction |
|
Third tier
|
WeAreSatoshi
WSX
|
-0.60123307 |
details, prediction |
Cofound.it
CFI
|
-0.59437805 |
details, prediction |
Eternal token
XET
|
-0.5777051 |
details, prediction |
Opacity
OPQ
|
-0.54116553 |
details, prediction |
ALISmedia
ALIS
|
-0.52306527 |
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)