Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.32816896 |
details, prediction |
TRON
TRX
|
0.2636987 |
details, prediction |
ChainLink
LINK
|
0.10865814 |
details, prediction |
Bitcoin Cash
BCH
|
0.07777796 |
details, prediction |
Dogecoin
DOGE
|
0.06026405 |
details, prediction |
Second tier
|
BitTorrent
BTT
|
0.6682351 |
details, prediction |
Paxos Standard
PAX
|
0.32446405 |
details, prediction |
True USD
TUSD
|
0.30359668 |
details, prediction |
Waves
WAVES
|
0.2621985 |
details, prediction |
Digix DAO
DGD
|
0.25480947 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.86783195 |
details, prediction |
Credit Tag Chain
CTC
|
0.8542929 |
details, prediction |
TerraCoin
TRC
|
0.7871792 |
details, prediction |
E-Gulden
EFL
|
0.7433232 |
details, prediction |
Zilbercoin
ZBC
|
0.7167799 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Navi Token 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 Navi Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.32424882 |
details, prediction |
Maker
MKR
|
-0.3182073 |
details, prediction |
Binance Coin
BNB
|
-0.2860579 |
details, prediction |
KuCoin Shares
KCS
|
-0.2708819 |
details, prediction |
Ethereum
ETH
|
-0.24028058 |
details, prediction |
Second tier
|
Nexo
NEXO
|
-0.44876048 |
details, prediction |
Basic Attention Token
BAT
|
-0.42038697 |
details, prediction |
SysCoin
SYS
|
-0.40311638 |
details, prediction |
Metadium
META
|
-0.396734 |
details, prediction |
Enjin Coin
ENJ
|
-0.39499578 |
details, prediction |
Third tier
|
Linkey
LKY
|
-0.703663 |
details, prediction |
SolarCoin
SLR
|
-0.4766547 |
details, prediction |
Achain
ACT
|
-0.47644585 |
details, prediction |
SpaceChain
SPC
|
-0.4732993 |
details, prediction |
Ripio
RCN
|
-0.46827918 |
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)