Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.8139384 |
details, prediction |
UNUS SED LEO
LEO
|
0.63466936 |
details, prediction |
Maker
MKR
|
0.6184593 |
details, prediction |
Stellar
XLM
|
0.602393 |
details, prediction |
Dogecoin
DOGE
|
0.56870955 |
details, prediction |
|
Second tier
|
Polymath Network
POLY
|
0.8033692 |
details, prediction |
Nano
NANO
|
0.79158014 |
details, prediction |
Quant Network
QNT
|
0.77991503 |
details, prediction |
Ardor
ARDR
|
0.7748467 |
details, prediction |
Chiliz
CHZ
|
0.75367516 |
details, prediction |
|
Third tier
|
Credit Tag Chain
CTC
|
0.86445725 |
details, prediction |
WAX
WAX
|
0.85199577 |
details, prediction |
0chain
ZCN
|
0.8154182 |
details, prediction |
ARK
ARK
|
0.7969205 |
details, prediction |
MaidSafe Coin
MAID
|
0.79195327 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LEOcoin 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 LEOcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.4776002 |
details, prediction |
Ethereum Classic
ETC
|
-0.46841627 |
details, prediction |
ZCash
ZEC
|
-0.17564598 |
details, prediction |
Bitcoin Cash
BCH
|
-0.12097878 |
details, prediction |
Monero
XMR
|
0.09931131 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.82243556 |
details, prediction |
FTX Token
FTT
|
-0.7276484 |
details, prediction |
Horizen
ZEN
|
-0.69958067 |
details, prediction |
SwissBorg
CHSB
|
-0.6840437 |
details, prediction |
Digix DAO
DGD
|
-0.5162732 |
details, prediction |
|
Third tier
|
CEEK
CEEK
|
-0.80769694 |
details, prediction |
LBRY Credits
LBC
|
-0.75786996 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.7311228 |
details, prediction |
Unibright
UBT
|
-0.73027164 |
details, prediction |
GoChain
GO
|
-0.72463125 |
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)