Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.76135874 |
details, prediction |
FTX Token
FTT
|
0.7500912 |
details, prediction |
Matic Network
MATIC
|
0.73942757 |
details, prediction |
Binance Coin
BNB
|
0.73829216 |
details, prediction |
EOS
EOS
|
0.72814584 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.8638143 |
details, prediction |
Constellation
DAG
|
0.8191961 |
details, prediction |
Quant Network
QNT
|
0.81567264 |
details, prediction |
Chiliz
CHZ
|
0.80831236 |
details, prediction |
XYO Network
XYO
|
0.79987794 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.9420073 |
details, prediction |
VertCoin
VTC
|
0.94034934 |
details, prediction |
Kleros
PNK
|
0.90483904 |
details, prediction |
FlorinCoin
FLO
|
0.9046886 |
details, prediction |
DxChain
DX
|
0.8825327 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Neblio 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 Neblio
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.046653103 |
details, prediction |
TRON
TRX
|
0.23571536 |
details, prediction |
KuCoin Shares
KCS
|
0.42118207 |
details, prediction |
Huobi Token
HT
|
0.46455216 |
details, prediction |
Bitcoin
BTC
|
0.5725474 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.10296086 |
details, prediction |
Paxos Standard
PAX
|
0.017385764 |
details, prediction |
True USD
TUSD
|
0.024103884 |
details, prediction |
USD//Coin
USDC
|
0.21043208 |
details, prediction |
Dai
DAI
|
0.22115074 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.6077833 |
details, prediction |
Tidex Token
TDX
|
-0.5503022 |
details, prediction |
Seele
SEELE
|
-0.5337197 |
details, prediction |
DigiCube
CUBE
|
-0.43526366 |
details, prediction |
Crown Coin
CRW
|
-0.43055484 |
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)