Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.21036027 |
details, prediction |
XRP
XRP
|
-0.25307533 |
details, prediction |
ChainLink
LINK
|
-0.30619434 |
details, prediction |
Stellar
XLM
|
-0.38318783 |
details, prediction |
Dogecoin
DOGE
|
-0.44572076 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.7801045 |
details, prediction |
Dai
DAI
|
0.6698596 |
details, prediction |
XYO Network
XYO
|
0.514739 |
details, prediction |
Bitcoin SV
BSV
|
0.2295327 |
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
|
Binance Coin
BNB
|
-0.80197203 |
details, prediction |
Maker
MKR
|
-0.78828984 |
details, prediction |
Litecoin
LTC
|
-0.7789791 |
details, prediction |
Ethereum
ETH
|
-0.7333003 |
details, prediction |
KuCoin Shares
KCS
|
-0.7083243 |
details, prediction |
|
Second tier
|
Theta
THETA
|
-0.85777384 |
details, prediction |
Metadium
META
|
-0.84530026 |
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)