Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.4519485 |
details, prediction |
TRON
TRX
|
0.43314457 |
details, prediction |
USD//Coin
USDC
|
0.358914 |
details, prediction |
XRP
XRP
|
0.31459567 |
details, prediction |
Maker
MKR
|
0.22542109 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.7052767 |
details, prediction |
BitTorrent
BTT
|
0.611491 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.58479756 |
details, prediction |
Quant Network
QNT
|
0.53565705 |
details, prediction |
ARK
ARK
|
0.5077396 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.96740425 |
details, prediction |
Credit Tag Chain
CTC
|
0.8461564 |
details, prediction |
FLASH coin
FLASH
|
0.82107574 |
details, prediction |
Dotcoin
DOT
|
0.7791055 |
details, prediction |
FantomCoin
FCN
|
0.7554786 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that NeosCoin 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 NeosCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.3705679 |
details, prediction |
Bitcoin
BTC
|
-0.32426772 |
details, prediction |
Tezos
XTZ
|
-0.31312898 |
details, prediction |
KuCoin Shares
KCS
|
-0.25121778 |
details, prediction |
Bitcoin Cash
BCH
|
-0.20332146 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
-0.44057795 |
details, prediction |
Horizen
ZEN
|
-0.41693178 |
details, prediction |
MonaCoin
MONA
|
-0.36031845 |
details, prediction |
iEx.ec
RLC
|
-0.3559492 |
details, prediction |
Basic Attention Token
BAT
|
-0.34043342 |
details, prediction |
Third tier
|
WeAreSatoshi
WSX
|
-0.62178683 |
details, prediction |
Kcash
KCASH
|
-0.5035659 |
details, prediction |
Token as a Service
TAAS
|
-0.48632672 |
details, prediction |
WeShow Token
WET
|
-0.47409585 |
details, prediction |
Eternal token
XET
|
-0.47011504 |
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)