Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.9805182 |
details, prediction |
Tezos
XTZ
|
0.9758003 |
details, prediction |
Crypto.com Chain
CRO
|
0.97502506 |
details, prediction |
NEO
NEO
|
0.9733405 |
details, prediction |
Vechain
VET
|
0.9727049 |
details, prediction |
Second tier
|
Siacoin
SC
|
0.9908818 |
details, prediction |
Power Ledger
POWR
|
0.9882003 |
details, prediction |
Polymath Network
POLY
|
0.9879495 |
details, prediction |
Ardor
ARDR
|
0.98496556 |
details, prediction |
Civic
CVC
|
0.98431987 |
details, prediction |
Third tier
|
Mithril
MITH
|
0.9792131 |
details, prediction |
Bitshares
BTS
|
0.9785775 |
details, prediction |
WAX
WAX
|
0.9783654 |
details, prediction |
Aion
AION
|
0.9782732 |
details, prediction |
NKN
NKN
|
0.97723836 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Mainframe 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 Mainframe
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.29509172 |
details, prediction |
Monero
XMR
|
0.7858324 |
details, prediction |
UNUS SED LEO
LEO
|
0.79511356 |
details, prediction |
KuCoin Shares
KCS
|
0.8909333 |
details, prediction |
Huobi Token
HT
|
0.9009135 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.6329886 |
details, prediction |
USD//Coin
USDC
|
-0.6162581 |
details, prediction |
Dai
DAI
|
-0.5498635 |
details, prediction |
Paxos Standard
PAX
|
-0.4738894 |
details, prediction |
EthLend
LEND
|
-0.33536363 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8810266 |
details, prediction |
Gemini Dollar
GUSD
|
-0.75154644 |
details, prediction |
ILCoin
ILC
|
-0.6410386 |
details, prediction |
Envion
EVN
|
-0.60747486 |
details, prediction |
Seele
SEELE
|
-0.5957836 |
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)