Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.3787676 |
details, prediction |
EOS
EOS
|
0.19809186 |
details, prediction |
KuCoin Shares
KCS
|
0.16000398 |
details, prediction |
XRP
XRP
|
0.014813112 |
details, prediction |
Bitcoin Cash
BCH
|
-0.07446636 |
details, prediction |
Second tier
|
BORA
BORA
|
0.47252968 |
details, prediction |
DASH
DASH
|
0.39575702 |
details, prediction |
Bitcoin Gold
BTG
|
0.2251878 |
details, prediction |
Metadium
META
|
0.11002732 |
details, prediction |
True USD
TUSD
|
0.033885963 |
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 |
NEO
NEO
|
-0.80192703 |
details, prediction |
Matic Network
MATIC
|
-0.7608576 |
details, prediction |
Monero
XMR
|
-0.74550635 |
details, prediction |
Ethereum
ETH
|
-0.73054975 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
-0.787421 |
details, prediction |
Decentraland
MANA
|
-0.78522784 |
details, prediction |
Power Ledger
POWR
|
-0.7701247 |
details, prediction |
MonaCoin
MONA
|
-0.7582211 |
details, prediction |
Steem
STEEM
|
-0.7518791 |
details, prediction |
Third tier
|
BnkToTheFuture
BFT
|
-0.81918406 |
details, prediction |
Linkey
LKY
|
-0.7920896 |
details, prediction |
Dreamscape
DSC
|
-0.785016 |
details, prediction |
PeerCoin
PPC
|
-0.7838282 |
details, prediction |
Dragonchain
DRGN
|
-0.7707573 |
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)