Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.95086986 |
details, prediction |
Decentraland
MANA
|
0.89521927 |
details, prediction |
Matic Network
MATIC
|
0.87320083 |
details, prediction |
IOTA
IOT
|
0.836043 |
details, prediction |
Cosmos
ATOM
|
0.8245448 |
details, prediction |
Second tier
|
Elastos
ELA
|
0.9325972 |
details, prediction |
Aragon
ANT
|
0.9287339 |
details, prediction |
Bitcoin Diamond
BCD
|
0.9200726 |
details, prediction |
WhiteCoin
XWC
|
0.8810006 |
details, prediction |
XYO Network
XYO
|
0.86816454 |
details, prediction |
Third tier
|
OPEN Platform
OPEN
|
0.96123993 |
details, prediction |
Skrumble Network
SKM
|
0.9523664 |
details, prediction |
Ripio
RCN
|
0.94182247 |
details, prediction |
Genaro Network
GNX
|
0.9371988 |
details, prediction |
Medicalchain
MTN
|
0.9356102 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MediShares 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 MediShares
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.5764227 |
details, prediction |
Monero
XMR
|
-0.1407488 |
details, prediction |
ZCash
ZEC
|
0.095846996 |
details, prediction |
Waves
WAVES
|
0.15782829 |
details, prediction |
Ethereum Classic
ETC
|
0.28489283 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.7376079 |
details, prediction |
USD//Coin
USDC
|
-0.67357737 |
details, prediction |
Paxos Standard
PAX
|
-0.57176226 |
details, prediction |
True USD
TUSD
|
-0.5661745 |
details, prediction |
EthLend
LEND
|
-0.5643639 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9242596 |
details, prediction |
FeatherCoin
FTC
|
-0.75672466 |
details, prediction |
Haven Protocol
XHV
|
-0.740292 |
details, prediction |
Seele
SEELE
|
-0.73098916 |
details, prediction |
SunContract
SNC
|
-0.7205581 |
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)