Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.16000398 |
details, prediction |
XRP
XRP
|
0.014813112 |
details, prediction |
Bitcoin Cash
BCH
|
-0.07446636 |
details, prediction |
Litecoin
LTC
|
-0.20087762 |
details, prediction |
ChainLink
LINK
|
-0.29200926 |
details, prediction |
|
Second tier
|
BORA
BORA
|
0.47252968 |
details, prediction |
DASH
DASH
|
0.39575702 |
details, prediction |
Bitcoin SV
BSV
|
0.3787676 |
details, prediction |
Bitcoin Gold
BTG
|
0.2251878 |
details, prediction |
EOS
EOS
|
0.19809186 |
details, prediction |
|
Third tier
|
Everus
EVR
|
0.8772299 |
details, prediction |
Prizm
PZM
|
0.87231046 |
details, prediction |
BitcoinZ
BTCZ
|
0.8638308 |
details, prediction |
Omnitude
ECOM
|
0.8465521 |
details, prediction |
Zilbercoin
ZBC
|
0.81886405 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Maximine 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 Maximine
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.8520252 |
details, prediction |
Matic Network
MATIC
|
-0.7608576 |
details, prediction |
Monero
XMR
|
-0.74550635 |
details, prediction |
Ethereum
ETH
|
-0.73054975 |
details, prediction |
TRON
TRX
|
-0.67531705 |
details, prediction |
|
Second tier
|
NEO
NEO
|
-0.80192703 |
details, prediction |
Decentraland
MANA
|
-0.78522784 |
details, prediction |
MonaCoin
MONA
|
-0.7582211 |
details, prediction |
DigiByte
DGB
|
-0.7425528 |
details, prediction |
Chiliz
CHZ
|
-0.7204562 |
details, prediction |
|
Third tier
|
BnkToTheFuture
BFT
|
-0.81918406 |
details, prediction |
Linkey
LKY
|
-0.7920896 |
details, prediction |
Enjin Coin
ENJ
|
-0.787421 |
details, prediction |
Dreamscape
DSC
|
-0.785016 |
details, prediction |
PeerCoin
PPC
|
-0.7838282 |
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)