Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.54838324 |
details, prediction |
Bitcoin Cash
BCH
|
0.340075 |
details, prediction |
Ethereum Classic
ETC
|
0.25928 |
details, prediction |
Litecoin
LTC
|
0.20559427 |
details, prediction |
EOS
EOS
|
0.13912223 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.5112321 |
details, prediction |
BORA
BORA
|
0.47285333 |
details, prediction |
Telcoin
TEL
|
0.40725526 |
details, prediction |
DASH
DASH
|
0.3785907 |
details, prediction |
Bitcoin SV
BSV
|
0.2553515 |
details, prediction |
Third tier
|
Omnitude
ECOM
|
0.8459173 |
details, prediction |
HEROcoin
PLAY
|
0.8260977 |
details, prediction |
AidCoin
AID
|
0.64590335 |
details, prediction |
BABB
BAX
|
0.6271667 |
details, prediction |
Seele
SEELE
|
0.6269507 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that LendingBlock 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 LendingBlock
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
-0.45159236 |
details, prediction |
ChainLink
LINK
|
-0.4338892 |
details, prediction |
Cardano
ADA
|
-0.3950107 |
details, prediction |
Cosmos
ATOM
|
-0.37783754 |
details, prediction |
Fantom
FTM
|
-0.3702994 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.5165165 |
details, prediction |
Request Network
REQ
|
-0.46421057 |
details, prediction |
Republic protocol
REN
|
-0.45709816 |
details, prediction |
Kyber Network
KNC
|
-0.43332762 |
details, prediction |
Nexo
NEXO
|
-0.42659384 |
details, prediction |
Third tier
|
DubaiCoin
DBIX
|
-0.62380266 |
details, prediction |
Bitcoin Green
BITG
|
-0.5458182 |
details, prediction |
Credit Tag Chain
CTC
|
-0.51996607 |
details, prediction |
Zilbercoin
ZBC
|
-0.5128862 |
details, prediction |
Haven Protocol
XHV
|
-0.5102564 |
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)