Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.7257074 |
details, prediction |
Fantom
FTM
|
0.6768966 |
details, prediction |
USD//Coin
USDC
|
0.6538384 |
details, prediction |
SONM
SNM
|
0.6303681 |
details, prediction |
Matic Network
MATIC
|
0.51562965 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.83475107 |
details, prediction |
MonaCoin
MONA
|
0.7118316 |
details, prediction |
True USD
TUSD
|
0.6614751 |
details, prediction |
Dai
DAI
|
0.6524553 |
details, prediction |
SwissBorg
CHSB
|
0.64645123 |
details, prediction |
Third tier
|
OKCash
OK
|
0.87858737 |
details, prediction |
IOCoin
IOC
|
0.85396045 |
details, prediction |
SaluS
SLS
|
0.8285625 |
details, prediction |
Project Pai
PAI
|
0.82725316 |
details, prediction |
Gemini Dollar
GUSD
|
0.7916762 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Mercury 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 Mercury
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
-0.6027825 |
details, prediction |
UNUS SED LEO
LEO
|
-0.5641427 |
details, prediction |
Monero
XMR
|
-0.48245484 |
details, prediction |
Ethereum
ETH
|
-0.35519728 |
details, prediction |
XRP
XRP
|
-0.28930452 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.7179549 |
details, prediction |
Zilliqa
ZIL
|
-0.5487107 |
details, prediction |
ZCash
ZEC
|
-0.49634314 |
details, prediction |
Nexo
NEXO
|
-0.4707667 |
details, prediction |
Bitcoin Gold
BTG
|
-0.4516811 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.82743686 |
details, prediction |
Time New Bank
TNB
|
-0.7538742 |
details, prediction |
Seele
SEELE
|
-0.7070854 |
details, prediction |
0chain
ZCN
|
-0.7046647 |
details, prediction |
Crypterium
CRPT
|
-0.68489176 |
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)