Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.7207389 |
details, prediction |
Matic Network
MATIC
|
0.3999888 |
details, prediction |
Cosmos
ATOM
|
0.33681014 |
details, prediction |
SONM
SNM
|
0.23986804 |
details, prediction |
Tezos
XTZ
|
0.13053839 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.45022696 |
details, prediction |
AMO Coin
AMO
|
0.40536588 |
details, prediction |
XYO Network
XYO
|
0.4019365 |
details, prediction |
SwissBorg
CHSB
|
0.39038095 |
details, prediction |
Nano
NANO
|
0.3620136 |
details, prediction |
Third tier
|
Hyperstake
HYP
|
0.6848374 |
details, prediction |
SyncFab
MFG
|
0.62973017 |
details, prediction |
WeAreSatoshi
WSX
|
0.61077225 |
details, prediction |
Polis
POLIS
|
0.59334564 |
details, prediction |
uDoo
UDOO
|
0.53800637 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LiteDoge 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 LiteDoge
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
-0.33267868 |
details, prediction |
Crypto.com Chain
CRO
|
-0.32356814 |
details, prediction |
ChainLink
LINK
|
-0.3071306 |
details, prediction |
Fantom
FTM
|
-0.29878235 |
details, prediction |
Dogecoin
DOGE
|
-0.28790882 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.3836452 |
details, prediction |
Quant Network
QNT
|
-0.36802602 |
details, prediction |
Bitcoin Gold
BTG
|
-0.36171743 |
details, prediction |
ZCash
ZEC
|
-0.24515179 |
details, prediction |
Aragon
ANT
|
-0.24488814 |
details, prediction |
Third tier
|
TerraCoin
TRC
|
-0.6794457 |
details, prediction |
BipCoin
BIP
|
-0.634041 |
details, prediction |
Effect.AI
EFX
|
-0.5985511 |
details, prediction |
V Systems
VSYS
|
-0.5136111 |
details, prediction |
ShortyCoin
SHORTY
|
-0.5023948 |
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)