Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.58950895 |
details, prediction |
Cosmos
ATOM
|
0.50667393 |
details, prediction |
Vechain
VET
|
0.4703843 |
details, prediction |
SONM
SNM
|
0.4424558 |
details, prediction |
Maker
MKR
|
0.42261732 |
details, prediction |
Second tier
|
Telcoin
TEL
|
0.5521951 |
details, prediction |
HoloToken
HOT
|
0.5486447 |
details, prediction |
Stox
STX
|
0.48734987 |
details, prediction |
FirstBlood
1ST
|
0.47093803 |
details, prediction |
Quant Network
QNT
|
0.4265111 |
details, prediction |
Third tier
|
Omnitude
ECOM
|
0.841686 |
details, prediction |
Kambria
KAT
|
0.8325675 |
details, prediction |
Synereo
AMP
|
0.80849797 |
details, prediction |
HEROcoin
PLAY
|
0.7923895 |
details, prediction |
Credit Tag Chain
CTC
|
0.7839755 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Mass Vehicle Ledger 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 Mass Vehicle Ledger
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.51046157 |
details, prediction |
USD//Coin
USDC
|
-0.2715207 |
details, prediction |
KuCoin Shares
KCS
|
-0.23779155 |
details, prediction |
Tezos
XTZ
|
-0.11239315 |
details, prediction |
ChainLink
LINK
|
-0.027174342 |
details, prediction |
Second tier
|
BORA
BORA
|
-0.50617766 |
details, prediction |
Metadium
META
|
-0.44262382 |
details, prediction |
Kyber Network
KNC
|
-0.41995165 |
details, prediction |
Steem
STEEM
|
-0.3643804 |
details, prediction |
FTX Token
FTT
|
-0.30994567 |
details, prediction |
Third tier
|
CommerceBlock
CBT
|
-0.6042839 |
details, prediction |
Uquid Coin
UQC
|
-0.5156574 |
details, prediction |
Ternio
TERN
|
-0.4889543 |
details, prediction |
Phore
PHR
|
-0.46450973 |
details, prediction |
DxChain
DX
|
-0.44168526 |
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)