Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.2295327 |
details, prediction |
TRON
TRX
|
0.21036027 |
details, prediction |
USD//Coin
USDC
|
0.10245553 |
details, prediction |
XRP
XRP
|
-0.25307533 |
details, prediction |
ChainLink
LINK
|
-0.30619434 |
details, prediction |
Second tier
|
Dent
DENT
|
0.87883234 |
details, prediction |
BitTorrent
BTT
|
0.7801045 |
details, prediction |
Dai
DAI
|
0.6698596 |
details, prediction |
XYO Network
XYO
|
0.514739 |
details, prediction |
True USD
TUSD
|
0.13565643 |
details, prediction |
Third tier
|
BOScoin
BOS
|
0.9371468 |
details, prediction |
HEROcoin
PLAY
|
0.91704184 |
details, prediction |
CloakCoin
CLOAK
|
0.8910852 |
details, prediction |
Dentacoin
DCN
|
0.88368064 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
0.8822423 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lightpaycoin 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 Lightpaycoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.85777384 |
details, prediction |
Binance Coin
BNB
|
-0.80197203 |
details, prediction |
EOS
EOS
|
-0.7929555 |
details, prediction |
Maker
MKR
|
-0.78828984 |
details, prediction |
Litecoin
LTC
|
-0.7789791 |
details, prediction |
Second tier
|
Metadium
META
|
-0.84530026 |
details, prediction |
Storj
STORJ
|
-0.8364299 |
details, prediction |
SwissBorg
CHSB
|
-0.8232129 |
details, prediction |
ARK
ARK
|
-0.80514395 |
details, prediction |
aelf
ELF
|
-0.80040246 |
details, prediction |
Third tier
|
Dero
DERO
|
-0.88556963 |
details, prediction |
Komodo
KMD
|
-0.862473 |
details, prediction |
Metronome
MET
|
-0.85666955 |
details, prediction |
SolarCoin
SLR
|
-0.85476005 |
details, prediction |
VertCoin
VTC
|
-0.8529385 |
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)