Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.6981449 |
details, prediction |
EOS
EOS
|
0.6688289 |
details, prediction |
Chiliz
CHZ
|
0.6643866 |
details, prediction |
Bitcoin Cash
BCH
|
0.66228294 |
details, prediction |
Vechain
VET
|
0.6449322 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.88396716 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.84486353 |
details, prediction |
GXShares
GXS
|
0.7582266 |
details, prediction |
BitTorrent
BTT
|
0.7524195 |
details, prediction |
Huobi Token
HT
|
0.7305362 |
details, prediction |
Third tier
|
Hydro Protocol
HOT
|
0.81410074 |
details, prediction |
SwftCoin
SWFTC
|
0.8132016 |
details, prediction |
Achain
ACT
|
0.8110407 |
details, prediction |
Egretia
EGT
|
0.80366564 |
details, prediction |
BitKan
KAN
|
0.78778124 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lunyr 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 Lunyr
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.41206414 |
details, prediction |
Fantom
FTM
|
0.160586 |
details, prediction |
Cosmos
ATOM
|
0.17757131 |
details, prediction |
Tezos
XTZ
|
0.19020474 |
details, prediction |
Dogecoin
DOGE
|
0.30469692 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.5243586 |
details, prediction |
True USD
TUSD
|
-0.42815334 |
details, prediction |
Paxos Standard
PAX
|
-0.050147496 |
details, prediction |
Propy
PRO
|
0.08934066 |
details, prediction |
OmiseGo
OMG
|
0.10334908 |
details, prediction |
Third tier
|
Rotharium
RTH
|
-0.49043074 |
details, prediction |
Nimiq
NET
|
-0.4741837 |
details, prediction |
Docademic
MTC
|
-0.42694736 |
details, prediction |
Gemini Dollar
GUSD
|
-0.34343305 |
details, prediction |
BLOCKv
VEE
|
-0.325742 |
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)