Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.8551725 |
details, prediction |
EOS
EOS
|
0.72725135 |
details, prediction |
Ethereum
ETH
|
0.66862595 |
details, prediction |
Ethereum Classic
ETC
|
0.6476103 |
details, prediction |
Fantom
FTM
|
0.64264846 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.7515206 |
details, prediction |
Telcoin
TEL
|
0.7280044 |
details, prediction |
Loopring
LRC
|
0.67606384 |
details, prediction |
Storj
STORJ
|
0.6744523 |
details, prediction |
Waves
WAVES
|
0.65055627 |
details, prediction |
Third tier
|
DxChain
DX
|
0.8926544 |
details, prediction |
Bibox Token
BIX
|
0.8724155 |
details, prediction |
Linker Coin
LNC
|
0.8460408 |
details, prediction |
Project Pai
PAI
|
0.8423533 |
details, prediction |
LockChain
LOC
|
0.83952355 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lina 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 Lina
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.816856 |
details, prediction |
KuCoin Shares
KCS
|
-0.716166 |
details, prediction |
Cosmos
ATOM
|
-0.47210068 |
details, prediction |
Stellar
XLM
|
-0.36719778 |
details, prediction |
Chiliz
CHZ
|
-0.3045452 |
details, prediction |
Second tier
|
Algorand
ALGO
|
-0.56244713 |
details, prediction |
Polymath Network
POLY
|
-0.4152522 |
details, prediction |
SysCoin
SYS
|
-0.39543957 |
details, prediction |
EthLend
LEND
|
-0.27347508 |
details, prediction |
Ravencoin
RVN
|
-0.20489003 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
-0.84774107 |
details, prediction |
CPChain
CPC
|
-0.84311485 |
details, prediction |
Mobius
MOBI
|
-0.8223382 |
details, prediction |
OAX
OAX
|
-0.7899431 |
details, prediction |
Neblio
NEBL
|
-0.78463167 |
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)