Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.96132904 |
details, prediction |
Ethereum
ETH
|
0.9612892 |
details, prediction |
Litecoin
LTC
|
0.9612202 |
details, prediction |
Huobi Token
HT
|
0.95411104 |
details, prediction |
Binance Coin
BNB
|
0.9472871 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.96462697 |
details, prediction |
Bancor
BNT
|
0.9615246 |
details, prediction |
Aragon
ANT
|
0.9536896 |
details, prediction |
Request Network
REQ
|
0.9431639 |
details, prediction |
Verge
XVG
|
0.9413363 |
details, prediction |
Third tier
|
Numerai
NMR
|
0.9732135 |
details, prediction |
Game
GTC
|
0.9717891 |
details, prediction |
Moeda
MDA
|
0.97104526 |
details, prediction |
GoChain
GO
|
0.96854216 |
details, prediction |
Nebulas
NAS
|
0.9679709 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitKan 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 BitKan
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.36124638 |
details, prediction |
Monero
XMR
|
0.7321905 |
details, prediction |
KuCoin Shares
KCS
|
0.77245134 |
details, prediction |
UNUS SED LEO
LEO
|
0.8317356 |
details, prediction |
Ethereum Classic
ETC
|
0.84686077 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.5143608 |
details, prediction |
USD//Coin
USDC
|
-0.4548351 |
details, prediction |
EthLend
LEND
|
-0.42668626 |
details, prediction |
Dai
DAI
|
-0.4124304 |
details, prediction |
Paxos Standard
PAX
|
-0.38610372 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8321775 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7294018 |
details, prediction |
ILCoin
ILC
|
-0.6741287 |
details, prediction |
Seele
SEELE
|
-0.652936 |
details, prediction |
IOCoin
IOC
|
-0.5395203 |
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)